The Financial Service Authority's (FSA) proposals for the regulation of general insurance could seri...
The Financial Service Authority's (FSA) proposals for the regulation of general insurance could seriously damage sales in the private medical insurance (PMI) market. That is the view of PMI broker body the Association of Medical Insurance Intermediaries (AMII). The AMII's formal response to the FSA's Consultation Paper 160 outlined a number of concerns over the FSA's proposals, including the introduction of a risk-based approach to the regulation of different products. The AMII said classing PMI plans as 'high risk' products, as proposed in CP160, will have a negative impact on sales. ...
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