Proposed Terms of Reference announced
16/10/2024
Invitation for stakeholder views by
18/11/2024
18/11/2024
We’ve published a proposed Terms of Reference for a market study into the provision of premium finance for motor and home insurance.
We are grateful for the breadth of engagement we have had with firms, industry groups and other stakeholders over the past 6 months. Following this engagement, which has included the analysis of relevant data received from respondents to our requests for information, we expect to publish an update in summer 2025.
The Terms of Reference set out why we are doing the market study, its scope, the key issues we'll explore, the potential outcomes that our work might lead to, and our next steps.
Read the proposed Terms of Reference (PDF)
This market study is relevant for a range of parties including:
We are launching this market study because:
Although we’re not formally consulting on these Terms of Reference, we welcome any views on the intended scope of this market study. Please provide any views, as well as directing any other queries on the market study, to [email protected] by Monday 18 November 2024.
We’ll engage with firms, industry groups and stakeholders to gather their views on the Terms of Reference and to begin discussions over what data we may need. We expect to start these engagements shortly.