The UK ’s Financial Conduct Authority ( FCA ) has launched a public consultation on whether changes are necessary to ensure that cancer patients can acquire health insurance . The FCA will also be examining the variation in pricing premiums from insurers as part of a wider inquiry into obstacles consumers encounter when purchasing insurance . The FCA has said that insurance companies ’ use of “ big data ” was creating an increasingly divided market that made it difficult for consumers to persuade insurers to cover them , with these problems “ particularly apparent ” for people that currently have , or are recovering from , cancer .
The UK’s Financial Conduct Authority (FCA) has opened a public consultation on whether changes are necessary to ensure that cancer patients can acquire travel insurance. The FCA will also be examining the variation in pricing premiums from insurers as part of a wider inquiry into obstacles consumers encounter when purchasing insurance. The FCA has said that insurance markets’ use of “big data” was creating an increasingly divided market that made it difficult for customers to find insurers to cover them, with these issues “particularly apparent” for people that currently have, or are recovering from, cancer.