{"id":52229,"date":"2015-01-07T14:55:41","date_gmt":"2015-01-07T14:55:41","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=093fa5254ebc625024615bab5c893991"},"modified":"2015-01-07T14:55:41","modified_gmt":"2015-01-07T14:55:41","slug":"news-story-cma-consults-on-draft-motor-insurance-order","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=52229","title":{"rendered":"News story: CMA consults on draft motor insurance order"},"content":{"rendered":"<div class=\"govspeak\">\n<p>In September, the Competition and Markets Authority (<abbr title=\"Competition and Markets Authority\">CMA<\/abbr>) published its <a href=\"https:\/\/www.gov.uk\/cma-cases\/private-motor-insurance-market-investigation#final-report\">final report into private motor insurance<\/a> which said that it would:<\/p>\n<ul>\n<li>\n<p>ban agreements between price comparison websites and insurers which stop insurers from making their products available more cheaply on other online platforms<\/p>\n<\/li>\n<li>\n<p>ensure there was better information for consumers on the costs and benefits of no-claims bonus protection<\/p>\n<\/li>\n<\/ul>\n<p>This followed the <abbr title=\"Competition and Markets Authority\">CMA<\/abbr>\u2019s conclusions that: <\/p>\n<ul>\n<li>\n<p>some price parity clauses in contracts between price comparison websites and motor insurers prohibit insurers from making their products available more cheaply on other online platforms \u2013 restricting competition and leading to higher car insurance premiums overall<\/p>\n<\/li>\n<li>\n<p>the limited provision of information in the sale of motor insurance add-on products to consumers makes it difficult for consumers to compare the costs and benefits of these products, with the sale of no-claims bonus protection giving rise to particular concerns<\/p>\n<\/li>\n<\/ul>\n<p>The draft order provides detailed information on how these changes are to be introduced and monitored. The <abbr title=\"Competition and Markets Authority\">CMA<\/abbr> is inviting comments on the draft until 6 February 2015 and will look to publish the final order in March.  <\/p>\n<p>The draft order, explanatory note and all other information relating to the investigation can be found on the <a href=\"https:\/\/www.gov.uk\/cma-cases\/private-motor-insurance-market-investigation\">investigation\u2019s case page<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The CMA has published a draft order setting out how changes resulting from its investigation into private motor insurance will be introduced.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/52229"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52229"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/52229\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}