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General Insurance Pricing Practices

  • 25 Minutes
  • For all staff
  • jurisdiction UK

The General Insurance Pricing Practices rules mark a shift in the FCA's focus toward fairly priced products delivering real value, supported by a regularly updated Q&A. This 25-minute course explains what the rules are, how to comply with them and deliver fair value to customers, and how to avoid discriminating against customers on the basis of how long they have been with the firm.

Price walking was a business model before it was a breach, which means the rules cut across pricing, marketing and retention practice that once seemed normal. Attestation and reporting requirements sit on top. Training the teams who set and apply pricing is what turns the fair value assessment from a document into a constraint that actually shapes decisions.

objectives

What you’ll learn in
this course

  • Comply with the General Insurance Pricing Practices (GIPP) and deliver fair value to your customers
  • Avoid discriminating against customers based on their tenure
  • Make detailed reports in line with the FCA's requirements
  • Understand the new level of accountability assigned to senior managers
  • Ensure that there are no material barriers preventing customers from changing providers

Hear from our customers

Excellent easy-to-use LMS which Skillcast have specifically tailored to our needs to also host a Global Policy Portal and global staff surveys, alongside providing live MI reporting.

Feefo Customer Rating  ★★★★★ 4.9/5

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