Welcome to the UKGI weekly regulation update service for Aviva ABC brokers

Context

Last year, the CMA updated its web pagen in relation to the Private Motor Insurance Market Investigation Order (the PMI Order) to update the e-mail address where private motor insurers can request more information about how to submit the annual PMI Order Compliance Statement.  The format of the Statement can be found at Appendix 3 in the Order itself, with some clarifications and explanations available in the accompanying Notes document.

 Key points to note and next actions

• If you are a PMI insurer or broker (see the Order for definitions), each year you must, by law, submit a compliance report to the CMA by 1 February.  This is the Annual PMI Compliance Statement.  This obligation arises from the CMA’s Private Motor Insurance Market Investigation Order 2015.
• The Annual PMI Compliance Statement can now be submitted via an online form and by uploading the tables of Average No Claims Bonus (NCB) Discounts.
• If you are a PMI insurer or broker, please email PMIFormRequest2026@cma.gov.uk for more information about how to submit your compliance report.
• If your business offers both insurance and brokerage services, the relevant instructions for you to follow should be determined on the basis of the primary role of your business.
• When you submit your compliance report via the online reporting form you will receive an automatic response as a confirmation of receipt.
• If you have any problems using the form, any queries, or if you need to report a breach, please contact the CMA on: pmi.order@cma.gov.uk.