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The Wall Street Journal

U.K. Regulator Starts Review Into Motor and Home Insurance Market

Shares in U.K. motor insurers Admiral Group and Direct Line both fell over 3% shortly after market open while Sabre Insurance gained 0.6%

Shares in U.K. motor insurers Admiral Group and Direct Line both fell over 3%.
Shares in U.K. motor insurers Admiral Group and Direct Line both fell over 3%. Photo: Matthew Lloyd/Bloomberg News

The U.K.’s Financial Conduct Authority will begin a review of a segment of the country’s motor and home insurance market to check that customers are getting fair deals as prices rise.

The regulator on Wednesday said that it is concerned that this part of the market that allows people to pay for insurance in installments, also called premium finance, might not be providing fair value to more than 20 million customers.

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