FCA speech on improving access to insurance

On 20 June 2017, Christopher Woolard, Executive Director of Strategy and Competition at the FCA, delivered a speech at the FCA Insurance Access event on improving access to insurance.

Following the FCA’s engagement with various stakeholders, it  found that those who have, or have had cancer experience difficulty in both travel insurance and other protection products. Whilst cancer was the focus of the FCA’s event, it hoped it would be a starting point for a much wider discussion.

FCA wants to better understand and address the position facing vulnerable consumers through its Call for Input. In the FCA’s view, the Call for Input is an opportunity for the industry, regulator and consumer groups to work together to produce meaningful change for an extremely vulnerable section of the consumer population.