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Insurance Companies

Question for HM Treasury

UIN 107741, tabled on 16 October 2017

To ask Mr Chancellor of the Exchequer, what assessment he has made of the level of incidences of collusion in the insurance industry between providers of home and contents insurance.

Answered on

24 October 2017

The government is committed to ensuring that the home insurance industry operates on a fair and competitive basis. The government works closely with the Financial Conduct Authority (FCA) and the Competition and Markets Authority (CMA). Both CMA and FCA have significant powers to deal with anti-competitive behavior. The government is confident that both regulators are effective in their assessment of the practices of the providers of home and contents insurance.

Answered by

Treasury