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United Kingdom · Question · Written question

UIN 201590

Motor Insurance: Competition

answeredUnited Kingdom· UK Parliament· EN

Introduced

13 October 2023

Last action

19 October 2023 · Answer

Status

Answered

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Discovery layer

Source updated

19 October 2023

Summary

To ask the Chancellor of the Exchequer, if he will launch a consumer review of the car insurance market for the purposes of understanding the (a) adequacy of levels of competition and (b) comparative pricing structures between companies.

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Timeline

  1. 13 October 2023

    Written question

    To ask the Chancellor of the Exchequer, if he will launch a consumer review of the car insurance market for the purposes of understanding the (a) adequacy of levels of competition and (b) comparative pricing structures between companies.

    Source: Commons

  2. 19 October 2023

    Answer

    The motor insurance market has many providers offering a variety of insurance products to suit the needs of customers. The Financial Conduct Authority (FCA), as the independent regulator for financial services, has a statutory objective to promote competi...

    Source: Written answer

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