CMA to investigate aggregator over “strong concerns” on insurer relationships
However, investigation did not find “harmful hollowing out” of products because of an undue focus on price.
The Competition and Markets Authority (CMA) is to investigate the relationships between providers and one price comparison website following the publication of its Digital Comparison Tools (DCT) Market Study.
The organisation has opened a competition law investigation to examine one aggregator’s contract with home insurers which it stated “limit insurers’ ability to charge a lower price on one platform than on another” with regard to wide price parity/most favoured nation clauses (MFN).
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