Editorial: State must play a more active role in insurance reform

Insurance Ireland was found to have broken EU competition rules, and its delay in acting on these finding leaves room for more concern

27th June, 2021
Editorial: State must play a more active role in insurance reform
Margrethe Vestager, the EU competition commissioner, placed the investigation on a formal basis and last Friday, the commission announced its preliminary findings. Picture: Andrew Fanning

Four years ago, dozens of officers from the EU Commission’s competition watchdog descended on Dublin.

In a series of dawn raids on July 4, 2017, officials called to the offices of insurance companies along with Insurance Ireland, the industry’s lobby group, to carry out unannounced inspections.

They were there to investigate concerns that EU antitrust rules designed to prohibit cartels, head off restrictive business practices and avoid any abuse of a dominant position...

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