Market Impacts of Regulating General Insurance

Market Impacts of Regulating General Insurance

Tim Wilsdon
Financial Services

On January 14, 2005, general insurance came under the regulatory remit of the Financial Services Authority. The Association of British Insurers commissioned CRA International to undertake a quantification of the consumer benefits of the impact of this regulation as implemented through the Insurance Conduct of Business rules. Examining motor insurance, critical illness cover, and payment protection insurance, the report uses innovative techniques to demonstrate the market impact on consumers.

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