GoCompare confirms backing for MyLicence initiative

GoCompare is the first price comparison site to confirm its intentions to fully back the MyLicence project.

GoCompare has said it will directly call the data hub instead of relying on its panel to request the information from the DVLA.

Motor Insurers Bureau (MIB) head of database services Neil Drane said this meant there was now more than 50 registered users of the initiative.

“[Appetite for MyLicence] is gathering momentum every week,” he said. “We have in excess of 50 people now registered with us and a large number of those are doing testing. There’s more and more coming each week.”

And Drane confirmed that insurers would be ready when the project goes live next month.

“We have more elements of the supply chain now testing,” he said. “We’ve now got a number of insurers who will be ready to go live at the beginning of July.”

But with all but one of the main price comparison websites still not fully committed to the project, there are concerns that costs of operating the hub could surge.

Drane said that it was important for consumers and the industry that everyone was committed to the initiative.

“The sooner we get everyone using it, the sooner the consumer and the entire industry get the benefits,” he said.

Subscribers can find out more about how costs could escalate if the remaining aggregators don’t sign up to MyLicence here.