General insurance add-ons market study – Financial Conduct Authority

[Legal Beagles]

What are GI add-on products? A wide range of general insurance products are sold alongside or on the back of ‘primary products’. These primary products may be financial services – e.g. home insurance – or they may be non-financial products – e.g. motor vehicles, mobile phones or services such as passenger flights. The insurance products […]

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[des8]

Re: General insurance add-ons market study – Financial Conduct Authority

They say what I have always said:
"Our study confirmed that selling a product as an add-on often lead to consumers purchasing products that were of poor value and not what they needed. We also found that the value of general insurance products is not always clear."
Combined that with a lack of proper in depth staff training and education..................