§ Mr. DenhamTo ask the President of the Board of Trade what assessment he has made of the use of post codes by insurance companies to assess risk of exposure to(a) crime and (b) subsidence; and if he will make a statement. [31930]
§ Mr. Jonathan EvansPostal codes are widely used by insurance companies as a tool in assessing premiums. It is the commercial judgment of insurance companies that the premiums charged for any particular area can be expected to reflect the claims experience for that area.
§ Mr. DenhamTo ask the President of the Board of Trade what proposals he has made to regulate the use of post codes by insurance companies to assess insurance risk. [31931]
§ Mr. EvansNone. The Secretary of State's powers under the Insurance Companies Act 1982 are primarily concerned with the solvency of insurance companies and, except where such matters are concerned, he does not intervene in their day to day business.