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Financial Services Regulation Committee publishes oral evidence transcript from Matt Brewis, former FCA Head of Insurance

Jun 19, 2026 | UK Parliament

Link(s):  Financial Services Regulation Committee – Summary – Committees – UK Parliament
Regulation of the consumer insurance market – Committees – UK Parliament
10 June 2026 – Regulation of the consumer insurance market – Oral evidence – Committees – UK Parliament
Oral evidence – 10 Jun 2026

Context

The House of Lords Financial Services Regulation Committee (FSRC) has published a transcript of an oral evidence session attended by Matt Brewis, former Director of Insurance at the FCA.  This session took place on 10 June, and the transcript was published on 15 June.  The session was part of the FSRC’s ‘Regulation of the consumer insurance market’ inquiry.  We recommend that firms and their compliance teams read the transcript.

Key points to note and next actions

  • The nature of the discussions was very much focused on home and travel insurances, and some focus on motor insurance.  This is in line with the subject of the Which? Super complaint, and the FCA’s recent work.
  • Brewis provided mostly general responses to the questions posed, reiterating that Consumer Duty provides a wider base for ensuring compliance than prescriptive rules.
  • There are some interesting insights into the way the FCA works and approaches regulation and oversight (albeit high-level detail), and how the FCA has interacted with FOS.