General insurance was described as “a stitch-up” during two days of public hearings in the ongoing Senate inquiry into the industry.

News Corp journalist John Rolfe told senators that consumers are not getting value for money and it is almost impossible for them to effectively compare general insurance policies.

He called for the introduction of a government-run comparison site, such as the one used to compare private health policies.

But major insurers and industry bodies once again spelled out their concerns.

The Insurance Council of Australia told the hearing an industry-led solution, rather than one imposed from the outside, would be more likely to solve any problems.

See ANALYSIS.