EU launches Insurance Ireland competition probe

EU launches Insurance Ireland competition probe

The probe will look at whether the organisation’s Insurance Link database may be restricting competition in the motor insurance market

The European Commission has announced that it is opening a formal competition investigation into Insurance Ireland, which represents many of the main insurance firms and agents operating in the sector in Ireland. The probe will look at whether the organisation’s Insurance Link database may be restricting competition.

Competition Commissioner Margrethe Vestager said the EU was investigating whether companies who wanted to enter the Irish motor insurance market had been unfairly prevented from accessing Insurance...

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