Dual pricing, also referred to as differential pricing, is a term used to describe when insurance companies charge new and existing customers different premiums despite having similar risk profiles.
Dual Pricing is a topic that has been in the media recently. The Financial Conduct Authority and the Association of British Insurers have both released their statements and concerns regarding the dual pricing model.
Here at SEIB, we aim to demonstrate fair value and loyalty to our customers, that is why we do not offer dual pricing on our policies. Our infographic shows the top 3 questions we receive from our customers in regards to how dual pricing works. To find out more download our infographic by clicking on the image below:
About SEIB
SEIB have been operating for over 50 years, specialising in horse insurance, funeral director insurance and commercial business insurance. If you have any concerns over your business insurance, please contact our team on 01708 850000, or email info@seib.co.uk
