BIBA supporting targeted regulation of insurance comparison sites


The British Insurance Brokers' Association (BIBA) is supporting targeted regulation of comparison sites.

The broker trade body has submitted a formal response to the FSA proposed guidance: ‘Selling of general insurance policies through price comparison websites'. BIBA noted that comparison sites are relatively new and avoided specifically targeted regulation because FSA rules were written before they gained wide market penetration. Graeme Trudgill, BIBA's Head of Corporate Affairs, said comparison sites had primary involvement in the sale process and needed appropriate regulatory guidelines in place. He added: "BIBA agrees in full with the draft FSA guidelines and is keen to co-operat...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes



Already a Professional Adviser member?