Tuesday October 20, 2020

Insurance companies accused of anti-competitive cooperation

Preliminary findings from Competition and Consumer Protection Commission probe allege there was contact between firms which led to reduced competition

17th September, 2020
The AIG headquarters in Dublin: the insurance company is was one of those alleged to have engaged in anti-competitive co-operation. Picture: Getty

A number of the biggest insurance firms operating in Ireland have been accused of engaging in anti-competitive cooperation over a 21-month period.

The Competition and Consumer Protection Commission (CCPC) has today issued preliminary findings to AIG Europe SA; Allianz PLC; Axa Insurance DAC; Aviva Insurance Limited; FBD Insurance PLC; Brokers Ireland, formerly the Irish Brokers Association, and AA Ireland Limited.

The preliminary findings allege that these organisations engaged in anti-competitive cooperation during 2015 and 2016.

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