On December 18, Somerset Bridge Group Limited was found to have breached Part 2 of the regulatory Order concerning No Claims Bonus Protection by the Competition and Markets Authority (CMA). This oversight has significant implications for approximately 225,000 customers over the past five years. Key Highlights: - The company failed to provide accurate pricing for No Claims Bonus Protection. - Important information mandated by the regulatory Order was not communicated to customers. - The breach raises concerns about customer trust and regulatory compliance in the insurance sector. For more updates on financial services, follow Global Regulatory Insights. #RegulatoryCompliance #CustomerProtection #InsuranceNews #NoClaimsBonus #SomersetBridge #FinancialServices
