Insurance: Standards
Commons · Question 61023 · Tabled 18 Jun 2025 · Treasury · Official record
Answered 24 Jun 2025
Question
Asked by Helen Morgan
To ask the Chancellor of the Exchequer, what steps she is taking to ensure insurers (a) settle claims and (b) proceed litigation as (i) quickly and (ii) cheaply as possible.
Answer
Answered by Emma Reynolds, 24 Jun 2025
The Financial Conduct Authority (FCA) is the independent body responsible for regulating and supervising the financial services industry, and sets the conduct standards required of insurance firms. Under FCA rules, insurers must handle claims fairly and p...