Insurance: Competition and Monopolies
Commons · Question 5969 · Tabled 4 Oct 2024 · Treasury · Official record
Answered 11 Oct 2024
Question
Asked by Mark Pritchard
To ask the Chancellor of the Exchequer, if she will take legislative steps to (a) increase competition and (b) reduce monopolies in the consumer insurance market.
Answer
Answered by Tulip Siddiq, 11 Oct 2024
The Government is committed to ensuring that the insurance industry operates on a fair and competitive basis. The Financial Conduct Authority (FCA), as the independent regulator, has a primary objective to ensure relevant markets are functioning well and ...