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So products with a low claims rate.... are not liked by the FCA - not a surprise there!
Noting costs (including those lovely FCA fees!!!) - what claims level is felt to be fair??
50%, 75%??
(Noting some insurance may take several years to pay out, the profit therefore needs to be sufficent to cover high claim years withoug a huge increase in premiums being needed - or insurers going bust!)
Shame the FCA can't just confirm a simple question.
