Today the FCA announced measures to help insurance customers who may be suffering financial difficulties as a result of coronavirus.
Commenting on these measures, an ABI spokesperson said:
“As the FCA has recognised, since the start of the pandemic, insurers have taken wide-ranging action to support customers who may be facing financial difficulty.
We have also set-up industry wide pledges in motor, home, travel, pet and business interruption insurance to assist customers during this difficult time.”
More informatioon on the industry response to COVID-19 and the pledges made by firms are available here on our COVID-19 Hub pages.