FCA updates on GI value reporting

FCA has updated its webpage on reporting of general insurance value measures to clarify which firm is responsible for reporting in various scenarios. The requirements are all set out in SUP 16.27.8 but FCA has set out a table showing the potential product structures and who, in each case, is responsible for the reporting (having obtained information from other firms as appropriate).

The first reporting requirement will cover H2 2021 and is due by 28 February 2022.  Thereafter, firm must report annually by 28 February in respect of the previous calendar year.

Emma Radmore