Insurancewide.com comments on BIBA's call for a review of comparison website rules

James Harrison, CEO of Insurancewide.com, the original online insurance comparison service, said today:

"With all due respect, BIBA seems a little behind on this issue.

We all face the challenge to provide our customers with comprehensive but very clear, digestible information about all the factors affecting policy cover and price and we are working hard to be able to standardise the way people make comparisons.

The insurance comparison websites area already in discussions with the ABI with a view to producing guidance notes on the responsibilities of comparison websites and insurers in the context of meeting their Treating Customers Fairly requirements.

The FSA is fully aware of this and is supportive of our efforts.

Insurancewide.com is rigorous about communicating accurately with customers.

We provide guides and tips for every type of insurance to help consumers make the right decision without any unpleasant surprises.

Our guides and results data are also fed to our partners' sites such as Yahoo, MSN, Tiscali, AOL and other major finance portals involve a continuous review process." For further information, please contact: Zena James on 07811 240167 or zena@insurancewide.co.uk.

Emma Cross on 020 7 395 5483 or emma@insurancewide.co.uk.

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