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Select committee: Financial Services Regulation Committee

Conclusion 32

2nd report - Home and travel insurance regulation: more for the FCA to do Published 23 Oct 2026 Paragraph 148

Financial Services Regulation Committee Regulation of the consumer insurance market All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗

Conclusion (the committee's words)
The FCA’s GI value measures data is not yet sufficiently consistent or comparable to fulfil its intended purposes of supporting supervision and enforcement, promoting competition based on value and improving consumer understanding. We welcome the FCA’s review, but in the absence of voluntary agreement between industry firms, longstanding reporting inconsistencies must now be resolved by clearer rules.

From: Financial Services Regulation Committee, 2nd report - Home and travel insurance regulation: more for the FCA to do, paragraph 148, 23 October 2026

Government response

Government response awaited: deadline 23 December 2026.