Treasury Committee calls for public to submit questions to insurance industry ahead of evidence session with sector bosses

• Treasury Committee

MPs on the cross-party Committee will use the views of consumers in their questioning of industry leaders on Wednesday 7 June. The Committee is likely to explore the impact of inflation on insurance premiums, the conduct of insurers when handling claims, and the size of insurance payouts.

The MPs are also likely to examine whether firms are making excess profits, competitiveness within the industry, and the regulatory environment.

Consumers are invited to tweet @CommonsTreasury with the hashtag #AskInsurers to submit their thoughts and questions. The Committee will analyse the responses to identify themes to inform its work.

Chair's comments

Commenting ahead of the session, Harriett Baldwin MP, Chair of the Treasury Committee, said:

“Insurers provide a vital service, protecting our most prized possessions from theft, loss and damage. However, we’ve heard anecdotal evidence in recent months of premiums rising faster than inflation, insurers refusing to pay out, and difficulties in making claims.

As a Committee, we’d like to hear from consumers on their experiences of the insurance industry since the pandemic. We’ll use these to inform our evidence session on the health and competitiveness of the insurance market with industry bosses next month.”

Evidence Session

Insurance

Wednesday 7 June at 2.15pm, Houses of Parliament

Watch live on Parliamentlive.tv

Witnesses

 From 2.15pm

• Doug Brown, Chief Executive Officer, UK and Ireland Life, Aviva
• Charlotte Clark, Director of Regulation, Association of British Insurers
• Christina Nestares, Chief Executive Officer, Admiral UK

Further information

• About Parliament: Select committees
• Visiting Parliament: Watch committees

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