FCA Consumer Duty Fair Value Assessment Report for Insurance Products
For UK insurers, MGAs and brokers: enter product features, pricing, commissions, claims and customer outcome data and get a board-ready fair value assessment with outcome analysis, vulnerable-customer review, conclusions and actions.
Use cases
- An MGA prepares its pet insurance fair value assessment and needs cohort analysis for older pets before the product governance committee.
- A broker acting as distributor tests whether its commission on a home emergency add-on still allows the product to deliver fair value.
- A compliance team turns raw MI into the outcomes section of the annual Consumer Duty board report.