{"value":{"id":1752154,"askingMemberId":5052,"askingMember":null,"house":"Commons","memberHasInterest":false,"dateTabled":"2025-01-03T00:00:00","dateForAnswer":"2025-01-07T00:00:00","uin":"21723","questionText":"To ask the Secretary of State for Transport, what steps she is taking to ensure better value for money for motor insurance customers; and what steps she is taking to make car insurers more accountable.","answeringBodyId":27,"answeringBodyName":"Department for Transport","isWithdrawn":false,"isNamedDay":false,"groupedQuestions":[],"answerIsHolding":false,"answerIsCorrection":false,"answeringMemberId":4029,"answeringMember":null,"correctingMemberId":null,"correctingMember":null,"dateAnswered":"2025-01-08T00:00:00","answerText":"<p>We are committed to tackling the increased costs of motor insurance to deliver on our manifesto commitment, including how this impacts different demographics, geographies, and communities.</p><p>The cross-government Motor Insurance Taskforce, including the stakeholder panel, met for the first time on 16 October 2024. The Taskforce is currently exploring short- and long-term actions for departments that may contribute to stabilising or reducing premiums, while maintaining appropriate levels of cover.</p><p>As it takes this work forwards, the Taskforce will continue to work closely with the independent Financial Conduct Authority (FCA) and the Competition and Markets Authority. The FCA has launched a market study into the premium finance market and is undertaking work to analyse the cause of increased claims costs in the motor insurance market.</p>","originalAnswerText":"","comparableAnswerText":"","dateAnswerCorrected":null,"dateHoldingAnswer":null,"attachmentCount":0,"heading":"Motor Insurance: Standards","attachments":[],"groupedQuestionsDates":[]},"links":[{"rel":"self","href":"/Questions/1752154","method":"GET"}]}