Jurisdiction(s):
United Kingdom

Daily financial services regulation: UK, EU and international—motor insurance pricing, stablecoins/CBDCs, Solvency II/IRRD/BRRD, ESMA governance, third‑party risk (10 December 2025)

Published on: 10 December 2025

Published by a LexisNexis Financial Services expert

Legal News

Article summary

Financial services developments Government and FCA publish reports on motor insurance pricing

HM Treasury (HMT) and the Department for Transport have issued the Motor Insurance Taskforce’s concluding report, setting out what government bodies and regulators are doing to steady and lower the premiums motorists pay. Alongside this, the Financial Conduct Authority (FCA) has shared results from its study into how motor insurance pricing relates to local ethnicity patterns across England and Wales. The Taskforce also examines features of the UK motor insurance sector, describing it as highly competitive and inventive, yet subject to genuine and rising costs of serving drivers in recent years. It highlights that insurers have faced real and increasing costs when serving motorists in recent years. The FCA’s work, conducted as part of its collaboration with the Taskforce, responded to Citizens Advice’s concern that people from minority ethnic groups are paying, on average, £307 more for cover. According to the FCA, the data indicates price gaps are predominantly accounted for by variations in area-based risk; therefore, cutting higher premiums in places with larger minority ethnic populations will ultimately depend on tackling external cost pressures and aggregate claims costs...

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