CMA accuses Compare the Market of breaking competition law

CIO interview Running Comparethemarket.coms IT is no simples task

The Competition and Markets Authority (CMA) has provisionally found that clauses in many of Compare the Market’s contracts with home insurers break competition law and could lead to higher premiums for customers.

The body said it has investigated clauses, known as ‘most favoured nation clauses, used by the comparison site in its contracts which stop home insurers from quoting lower prices on rival sites and other channels.

The investigation began in September 2017.

Objections
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