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Trade associations report high engagement with GPAPs around dual pricing

By 2020-07-13T07:35:00

home insurance (3)

Biba’s chief executive said the voluntary measures are ‘benefiting home and motor customers’

Industry trade bodies Biba and the ABI have reported high engagement across its members with the Guiding Principles and Action Points (GPAPs) surrounding dual pricing.

The GPAPs were launched by the two trade associations back in May 2018 to address excessive differences between new customer premiums and renewal premiums – the bodies believed this difference penalised long-standing motor and home insurance customers.

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