NAB Responds to Motor Insurance Market Investigation

Published 20/02/2013 00:00:00 in Press Releases

The RMI’s National Association of Bodyshops (NAB) submission to the Competition Commission concerning the private motor insurance market investigation has now been published on the Commission’s website.


The Competition Commission held the investigation following a market study by the Office of Fair Trading. This study gave reasonable grounds for suspecting that there are features of the market that prevent, restrict or distort competition.  The NAB were involved in this market study, providing evidence collated from their members which  suggested certain motor insurance companies take part in aggressive business and tax practices.


Frank Harvey, Head of NAB commented “I’d like to thank the many NAB members who provided comprehensive evidence for our submission to the Competition Commission.  


“We will continue to play a pivotal role in briefing the Office of Fair Trading and Competition Commission as further evidence emerges on matters that affect our market.”


Tony Lowe, RMI Board member representing NAB members continued “In the short time Frank Harvey has been with NAB, I’ve been most impressed with his tenacity and dedication in making NAB’s important detailed submission.


“The outcome of this inquiry will not only affect the livelihoods of NAB members and their employees for many years to come, it will help shape the future of the entire body repair industry.”


The Competition Commission expects to publish their provisional findings in September 2013


ENDS


NOTES TO EDITORS:


The NAB submission to the Competition Commission concerning the private motor insurance market investigation can be viewed at:

http://www.competition-commission.org.uk/our-work/private-motor-insurance-market-investigation/evidence/responses-to-issues-statement


Keely Scanlan, Press Officer

Tel: 020 7307 3410

Mob: 07825097697

Press Office direct line: 020 7307 3422   

Press Office fax: 020 7307 3406


Web: www.rmif.co.uk       Email: keely.scanlan@rmif.co.uk

The Retail Motor Industry represents the interests of operators in England, Wales, Northern Ireland and the Isle of Man providing sales and services to motorists and businesses.  The RMI has a formal association with the independent Scottish Motor Trade Association which represents the retail motor industry in Scotland.

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