Fair pricing? – How regulatory intervention could actually make UK insurance unsustainable
Panel discussionUnderwriting Club Briefing 1
2025-04-24 | 11:15 AM - 11:45 AM
Information
In this thought-provoking session Jeremy Keating will outline concerns about the direction the pricing conversation is taking, particularly the noise from pressure groups pushing for Financial Conduct Authority intervention.
He will pose the question about whether removing risk-based pricing eliminates risks - or just forces lower-risk customers to subsidise higher-risk ones. In fact it could go further and lead to insurers adjusting to absorb losses with stricter underwriting (more refusals), higher excesses and product restrictions.
Jeremy will explain that should the insurance market head down the path of the US states such as California or Florida, with all the unintended consequences that have played out there, the UK could end up with just a handful of insurers offering poor products.
Finally, considering alternative reforms that could win support from both the public and the industry - measures that improve customer experience without causing unintended harm
Speakers
Jeremy Keating
Price Writers
Author and Founder