FCA spends £272,800 on insurance

UK finance

The regulator bought its cover via insurance broker Aon for 2016/17.

The Financial Conduct Authority has spent £272,832 on insurance for the year 2016/17.

A Freedom of Information request by Insurance Age revealed that the regulator's general insurance was sourced by broker Aon.

The request also showed that insurance costs for the FCA had gone up for three years in a row.

In 2014/15 the FCA paid £240,873 for its cover while in 2015/16 it was £250,423.

However in 2013/14 the regulator paid £261,172 - higher than the two following years.

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Annual
The FCA stated

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