Biba raises unsuitable products concerns ahead of CMA investigation into aggregators
Trade body pleased with further investigation including into “most favoured nation” clauses.
The British Insurance Brokers’ Association (Biba) has welcomed the decision by the Competition and Markets Authority (CMA) to renew its investigation into aggregators.
In particular Biba highlighted concerns that consumers are at risk of buying policies unsuitable for their needs and that undue focus on price was causing products to be “hollowed out”.
The trade body also criticised “most favoured nation” clauses which restrict brokers from applying price differentials that would be good for
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