The UK's Competition and Markets Authority (CMA) is investigating an unnamed insurance comparison site over concerns about its contractual arrangement with certain insurance providers. It is possible agreements between the comparison site and insurers may be obstructing policies appearing on other price comparison sites at a cheaper price. This potentially is causing UK consumers to pay more for their home insurance policies. A spokesperson from the CMA said: "We are aware of this issue but we have not received any complaints so far.
The UK's Competition and Markets Authority (CMA) is investigating an unnamed insurance comparison site over concerns about its contractual arrangement with certain insurance providers. It is possible agreements between the comparison site and insurers may be obstructing policies appearing on other price comparison sites at a cheaper price. This potentially is causing UK consumers to pay more for their home insurance policies. The CMA has also noted the need to lay out ground rules for comparison sites, including transparency about pricing and how customer data is treated.