iSelect has received “several unsolicited and non-binding” offers, while Innovation Holdings Australia (IHA) Group – linked to competitor Compare the Market – has raised its stake in the listed online comparator.

The proposals from listed and unlisted parties were made in recent weeks and relate to mergers and change-of-control transactions. iSelect has not named the parties.

“The board is currently reviewing these approaches and assessing their merit,” the comparator says.

“Shareholders should note that there is no certainty a transaction will result from these preliminary proposals.”

IHA Group, which is also related to Auto & General Holdings, has increased its stake in iSelect from 10.15% to 12.21%, information released last Wednesday shows.

Auto & General has several personal lines products covering car, travel and home and contents in Australia, including the Budget Direct brand.

IHA Group has made no formal statement other than disclosures of its growing shareholding in iSelect.