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<p>The motor insurance market has many providers offering a variety of insurance products
to suit the needs of customers. The Financial Conduct Authority (FCA), as the independent
regulator for financial services, has a statutory objective to promote competition
in the interests of consumers, and, working closely with the Competition and Markets
Authority, can enforce against breaches of competition law. The FCA have also introduced
several reforms, including the Consumer Duty rules, to ensure consumers are treated
fairly in regard to pricing.</p><p> </p><p>Insurers make commercial decisions about
the terms, conditions or price that they set when offering insurance, including motor
insurance. The Government does not intervene in these commercial decisions by insurers
as this could damage competition in the market.</p>
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