FilingReader Intelligence
Tower scraps multi-policy discounts over compliance concerns
July 22, 2025 at 08:39 PM UTC•By FilingReader AI
Tower Limited will remove multi-policy discounts from its insurance products from July 23, 2025. The company cited complexity and risk of error in assessing the discounts, which it said fell short of customer experience standards and regulatory requirements.
Chief executive Paul Johnston said the company remained committed to fair and competitive pricing.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
News Alerts
Get instant email alerts when Tower publishes news
Free email notifications • Unsubscribe anytime