General Insurance Article - FSA says customer complaints up driven by PPI


 The Financial Services Authority (FSA) has published the latest data showing that complaints to financial services firms increased by 59%-largely driven by PPI.

 The main trends are:
 -Complaints about general insurance and pure protection increased by 99% to 2,541,430;
 -Within this product group, payment protection insurance accounted for 2,232,294 of those complaints, an increase of 129%;

 The data is presented in two different forms, aggregate data showing overall complaints statistics for the industry, and firm-level data showing figures for individual firms.

 The firm-specific complaints data is a summary of the information reported to the FSA by financial institutions, and includes only those that have reported 500 or more complaints in a six-monthly reporting period. These firms are also required to publish the data on their own websites.
  

Back to Index


Similar News to this Story

5 insurance musts for renting your home as a holiday let
Over 90 million guest stays were recorded in UK short-term holiday rentals last year – a 10% jump from the previous year – yet most homeowners are unk
Underestimating earthquake losses from sonic boom blind spot
MS Amlin study finds destructive supershear ruptures are behind two thirds of insured earthquakes losses – yet are excluded from catastrophe models. I
Goal-den rules for travel insurance ahead of the World Cup
Thousands of UK football fans are planning to attend this year’s World Cup, and much like a passport, travel insurance remains an essential for anyone

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.