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<p>The Government fully recognises the importance of promoting competition in insurance
markets so that customers can get the best price possible. That is why we have given
the Financial Conduct Authority (FCA) an objective to promote effective competition
in the interest of consumers. The FCA regulates the conduct of financial markets so
that they work well and consumers get a fair deal.</p><p> </p><p> </p><p> </p><p>We
have also created the Competition and Markets Authority (CMA) to oversee competition
in markets including the insurance industry. The CMA promote competition for the benefit
of consumers, both within and outside the UK and their aim is to make markets work
well for consumers, businesses and the economy.</p><p> </p>
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