What a market study means for protection

Interview with Mark Townsend, CEO, Reassured

Cameron Roberts
clock • 5 min read

Cameron Roberts, editor, COVER, speaks to Mark Townsend, CEO, Reassured, about how the Financial Conduct Authority’s (FCA’s) protection market study will impact the sector.

The announcement of the FCA's market study into protection served as the first time the regulator has turned its sights on our industry in many years. We have historically been looked at alongside general insurance (GI) and other regulated industries. The study has three main focus points: commission structures, product value and market competition. It will take place over the coming months, the FCA continues to speak to those in the value chain to understand how the industry is tackling these three challenges. Whilst the study was welcomed by much of the industry, with many highlight...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

FCA Market Study: PDG 'expected different conclusion' on loaded premiums

FCA Market Study: PDG 'expected different conclusion' on loaded premiums

“We’d like to see greater transparency"

Jaskeet Briah
clock 12 February 2026 • 3 min read
PMI sees highest new complaints for protection: FOS

PMI sees highest new complaints for protection: FOS

Q3 2025/26

Jaskeet Briah
clock 05 February 2026 • 2 min read
The perils of misreading the regulator

The perils of misreading the regulator

Loaded premiums and MS24/1

Tony Müdd
clock 03 February 2026 • 4 min read