Insurance Business

This Sub-scheme covers claims for compensation that arise following the failure of an authorised insurer. There are currently 26 general business insurers in insolvent run-off with protected claims, and two small life assurance firms.

The FSCS will safeguard policyholders if an authorised firm is unable to meet claims against it, for example if it has been placed in provisional liquidation or administration.

To find out whether an insurance firm is authorised, please refer to the PRA's Firm Check section on their website.


About the FSCS

Click here to find out more about the FSCS, its role, its operations and its personnel.


The Financial Conduct Authority website includes a searchable database of all firms authorised and regulated by the FCA and the Prudential Regulation Authority (PRA).


The Financial Ombudsman Service is the official independent expert in settling complaints between consumers and financial businesses

Jargon Buster

  • Authorised firm

    a company, unincorporated body, partnership or individual permitted to carry out a regulated activity by the FCA or the PRA. This term includes a mutual (unincorporated) organisation, for example a friendly society.
  • FSA

    Financial Services Authority, was previously the UK's regulator for the finance industry. It was replaced by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) on 1 April 2013.
  • Provisional liquidation

    the start of the process whereby the affairs of a firm are wound up so that its assets are realised and distributed to discharge its liabilities.