We are the voice of insurance and long-term savings | Contact us

ABI responds to findings of FCAs Thematic Review of Motor Legal Expenses Insurance

The Financial Conduct Authority (FCA) has today published the findings of its Thematic Review of Motor Legal Expenses Insurance (MLEI).

Commenting on the findings, James Dalton, the ABI’s Head of Motor Insurance said:

"In their report released today, the FCA has rightly recognised the importance of MLEI as a product and that it is one consumers value.

"As an industry we are committed to improving our offering to consumers, so the FCA’s recommendations to improve the clarity of the wording of some MLEI policies comes as a useful reminder that we still have some work to do. As recognised in their report, insurers have already started to make the changes the Thematic Review has recommended to ensure consumers continue to get real value from MLEI and understand the product.

"We welcome the constructive way the FCA has engaged with the industry throughout their review and look forward to continuing to work with them as they examine the industry’s progress on implementing the Review’s findings in a year’s time."

Last updated 01/07/2016