Uswitch comments on ABI and BIBA insurance renewal code of conduct
Commenting on the code of conduct announced by ABI and BIBA to manage the insurance renewals of potentially vulnerable customers, Rod Jones, insurance expert at Uswitch.com, says: “While the joint code is a step in the right direction, the guidelines don’t go far enough. As the code is voluntary, insurers are under no obligation to provide information and advice about insurance premiums when policies are due for renewal.
“It’s not just vulnerable consumers who could benefit from more transparency – everyone should be protected against unknown premium increases. Consumers are unlikely to remember what they paid a year after buying their policy, so it’s harder for them to know if they are getting a good deal. Seeing this information in black and white will help people assess their options and see whether they could be better off by shopping around.
“Some companies including AXA are already providing this renewal information, but we want to see all providers follow suit and ensure all drivers get more transparency around their renewal price.”
FOR MORE INFORMATION
Katherine Moss
Phone: 020 3021 5893
Email: katherine.moss@uswitch.com
Twitter: @uswitchPR
About us
It’s all about “U”!
Thank you for indulging us over the last 20 years by using a small ‘u’ and a big ‘S’ when writing about our brand in your articles.
We are delighted to let you know that you are now off the hook - it’s big U’s all the way (and small s’s) as we undertake our biggest ever rebrand - so let your autocorrect go wild!
About Uswitch
Uswitch is the UK’s top comparison website for home services switching. Launched in September 2000, we help consumers save money on their gas, electricity, broadband, mobile, TV, and financial services products and get more of what matters to them. Last year we saved consumers over £373 million on their energy bills alone.
Uswitch is part of RVU, a new business that also owns Money.co.uk and Bankrate.
If you would no longer like to receive our press releases please email prteam@uswitch.com with 'unsubscribe'.