“We are writing to you to set out our view of the key risks Personal and Commercial Linesinsurance intermediaries could pose to their consumers or markets. Please consider the extent of these risks in your business and assess if your strategies reduce the risks.”
The FCA have published the “FCA Supervision Strategy for Personal and Commercial Lines Insurance Intermediaries”.
This letter is for firms in the Personal and Commercial Lines Insurance Intermediaries portfolio. This includes:
- General Insurance intermediaries serving retail and/or commercial customers
- Loss Assessors and firms for which broking of insurance products is ancillary to their primary business
Please read the publication below.