United Kingdom · Question · Written question
UIN 118290
Insurance: Artificial Intelligence
Introduced
5 March 2026
Last action
11 March 2026 · Answer
Status
Answered
Sponsors
—
Subjects
Artificial intelligence
Source updated
11 March 2026
Summary
To ask the Chancellor of the Exchequer, what steps her Department is taking to help ensure transparency in the insurance industry's use of algorithmic and AI pricing models.
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Timeline
5 March 2026
Written question
To ask the Chancellor of the Exchequer, what steps her Department is taking to help ensure transparency in the insurance industry's use of algorithmic and AI pricing models.
Source: Commons
11 March 2026
Answer
The government is determined that insurers should treat customers fairly and firms are required to do so under Financial Conduct Authority (FCA) rules. The FCA requires firms to ensure their products offer fair value (i.e. if the price a consumer pays for...
Source: Written answer
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Sponsors
- · Treasury · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2026-03-05/118290
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1888242
- uk · wq-1888242 · source updated 11 March 2026