The General Insurance Standards Council (GISC) will ask the Office of Fair Trading (OFT) for exemption from the Competition Act, following the Competition Commission Appeal Tribunal's (CCAT) decision last week.
The CCAT upheld the Institute of Insurance Brokers' (IIB) appeal against the OFT's decision to pass the GISC's rulebook.
The GISC had originally applied to the OFT for exemption, but was given negative clearance instead.
The CCAT said the granting of negative clearance was “erroneous in law”.
While waiting for a decision, a GISC spokeswoman said the council would continue to implement its governance proposals and would review its fee structure in consultation with members.
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.
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.
