Following introduction of the FCA rules relating to product governance in October 2021, requiring manufacturers to complete at least an annual PROD assessment of all GI products (except those classed as ‘large risks’), we have been working through these reviews for all QBE products.
Please note that we have grouped similar products together where this does not detrimentally affect our ability to review each product appropriately. Similar products are those that are intended to deliver similar cover and outcomes for customers, where the target markets are consistent.
If you have any questions in relation to the content of the product reviews, please direct these to your relevant underwriting contact at QBE.
On this site you will be able to access summaries of all reviews, as well as details of the intended target market and our internal product approval process, which identifies whether new products or any significant adaptations to an existing product provide fair value to customers.