Insurance: Equal Opportunities

Treasury written question – answered am ar 27 Tachwedd 2007.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Austin Mitchell Austin Mitchell Llafur, Great Grimsby

To ask the Chancellor of the Exchequer what policy objectives he has for diversity and competition within the commercial insurance sector; and what his policy is for regulation of the sector.

Photo of Kitty Ussher Kitty Ussher Economic Secretary, HM Treasury

The Government strongly encourage competition in all sectors of the economy and have strengthened the UK's competition legislation through the Competition Act 1998 and Enterprise Act 2002. Enforcement of the competition legislation is the responsibility of the Office of Fair Trading, the Competition Commission and the economic regulators.

Regulation of the commercial insurance sector falls within the responsibilities of the Financial Services Authority.

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