Competition commissioner to demand more action from search enginer provider to prevent harm to rivals

Google magnifying glass.jpg

EU competition commissioner Joaquin Almunia suggested yesterday that Google would have to make even more concessions to ensure it was not abusing its dominant position in the search engine market.

Google has already pledged to display prominent links to rival services and highlight supplementary features such as maps and price comparison it builds into search engine results.

But yesterday Almunia said he was “almost 100%” certain Google would have to offer more changes.

Google business strategy is of particular concern to the insurance industry.

Price comparison sites such as Moneysupermarket pay Google millions each year to have their products advertised on its search listings.

If Google aggressively promotes its own aggregator, Google Compare, then paying advertisers risk losing market share to the search giant.

One British price comparison site, Foundem, has already made complaints to the EU. Some companies have expressed their dismay that the concessions do not go far enough.

Changes will only apply to European versions of the search engine, rather than the widely-used Google.com.

If Google fails to comply with EU sanctions, it will face massive fines. In March, Microsoft was hit with a €561m fine over competition concerns.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

Topics