Insurance trade bodies to meet with regulators on CMA draft orders
The British Insurance Brokers' Association and the Association of British Insurers are to meet with the Financial Conduct Authority and the Competition and Markets Authority in the coming weeks to ensure obligations from the CMA private motor investigation are beneficial for the industry and customers.
The CMA last week opened a consultation on a draft order explaining how changes resulting from its investigation into the private motor insurance market will be introduced.
Biba executive director
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