ASIC sues Choosi, says comparison site ‘misled thousands’
Australia’s corporate regulator is suing insurance comparison platform Choosi, claiming it misled prospective customers by only offering up products from one company, despite saying it compared policies “from a range of funeral and life insurers.”
The Australian Securities and Investments Commission (ASIC) filed Federal Court papers that allege Choosi made false or misleading representations to customers.
ASIC claims that, since July 2019, Choosi has only compared policies issued by a single insurer – Greenstone Financial Services, with “one limited exception”. Greenstone lists Choosi as a partner on its website.
