To ask the Chancellor of the Exchequer, what steps the Government is taking to (a) investigate and (b) raise awareness of (i) unethical and (ii) potentially corrupt practices within the insurance industry.

The Financial Conduct Authority (FCA) is the independent body responsible for regulating and supervising the financial services industry, including insurance firms. Insurers must treat customers fairly under the FCA’s rules. The FCA monitors firms to ensure compliance with its rules and has robust powers to take action where necessary.