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<p>It is important that consumers have access to suitable insurance products at the
right price. The government remains in regular discussion with the insurance industry
and other interested parties, including the Financial Conduct Authority (FCA), on
the provision of insurance in the UK.</p><p> </p><p>Insurers make decisions about
the terms on which they will offer cover following an assessment of the relevant risks.
This is usually informed by the insurer’s claims experience and other industry-wide
statistics.</p><p> </p><p>The Government does not intend to intervene in the commercial
decisions of insurers as this could damage competition in the market. The respective
capabilities of insurers to assess risk is a key element on which they compete. This
competition is important and should lead to better products and lower prices for consumers
overall.</p><p>In addition, on 31st October 2018 the FCA announced the details of
a market study into the pricing practices used by insurers. The market study will
give the FCA a deeper understanding of the scale of any harm to consumers from insurance
pricing practices, who it affects and, if required, what actions are required to improve
the market. The FCA expects to release its interim report in Summer 2019.</p><p> </p><p>Consumers
are encouraged to shop around for the most suitable cover at the best price. The charity
Unlock provides support specifically for those with previous convictions in accessing
insurance services and can be found at <a href="http://www.unlock.org.uk/" target="_blank">www.unlock.org.uk</a>.</p>
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