Sign in

Insights

7 July 2022

FCA complaints data now available to subscribers

New dataset includes complaints per 1,000 policies, upheld rates, redress amounts, complaints volumes and response times

We are delighted to announce that Insurance DataLab subscribers can now access FCA complaints data covering the last three years.

The latest figures from the regulator revealed that insurers received an average of 4.32 complaints per 1,000 in-force policies over the second half of 2021, down from 5.98 for the same period a year earlier.

On average, some 49% of these complaints were upheld in favour of the customer with redress totalling £64.5m paid out over the final six months of 2021, up from £48.9m during H2 2020.

REQUEST YOUR FREE 7 DAY TRIAL NOW

Insurance DataLab subscribers can view complaints performance by company and product line (with data on more than 125 companies), make meaningful comparisons against their peer group and market averages, and identify areas for improvement. 

If you are interested in finding out more about the industry’s performance on complaints handling, as well as exploring the other data available on the hub, then you are now able to access a free trial of the platform.

Get updates

Sign up to receive insight and analysis in our free monthly newsletter.
Register here

More Insights

Sign up to receive insight and analysis in our free monthly newsletter

Register here
© Insurance DataLab 2023. Insurance DataLab is owned and operated by MAD Financial Media Limited, registered in England and Wales under company number 12418752.
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram