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1701735
star this property registered interest false more like this
star this property date less than 2024-04-17more like thismore than 2024-04-17
star this property answering body
Treasury more like this
unstar this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading House Insurance more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, if he will have discussions with the Association of British Insurers on reducing insurance premiums for households. more like this
star this property tabling member constituency Oxford West and Abingdon more like this
star this property tabling member printed
Layla Moran more like this
unstar this property uin 22374 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2024-04-22more like thismore than 2024-04-22
star this property answer text <p>Treasury Ministers and officials have regular meetings with a wide variety of organisations in the public and private sectors on an ongoing basis.</p><p> </p><p>Insurers make decisions about the terms on which they will offer cover following an assessment of the relevant risks. The Government does not intend to intervene in these commercial decisions as this could damage competition in the market.</p><p> </p><p>However, the Government is determined that insurers should treat customers fairly. The Financial Conduct Authority requires firms to ensure their products offer fair value (i.e. if the price a consumer pays for a product or service is reasonable compared to the overall benefits they can expect to receive). The FCA has been clear that it will be monitoring firms to ensure they are providing products that are fair value, and, where necessary, it will take action.</p><p><strong> </strong></p> more like this
star this property answering member constituency Hitchin and Harpenden more like this
star this property answering member printed Bim Afolami more like this
star this property question first answered
less than 2024-04-22T13:11:22.783Zmore like thismore than 2024-04-22T13:11:22.783Z
unstar this property answering member
4639
star this property label Biography information for Bim Afolami more like this
star this property tabling member
4656
star this property label Biography information for Layla Moran more like this