CCPC closes investigation into alleged cartel-like behaviour in insurance industry

AIG Europe, Allianz, Axa Insurance, Aviva, FBD and AA Ireland to implement internal competition law compliance programmes

19th August, 2021
CCPC closes investigation into alleged cartel-like behaviour in insurance industry
The CCPC has announced that six motor insurers have agreed to implement internal competition law compliance programmes. They are: AIG Europe, Allianz, Axa Insurance, Aviva, FBD and AA Ireland Limited. Picture: Rollingnews.ie

The country’s competition watchdog has closed its investigation into alleged cartel-like behaviour in the insurance industry after securing legally binding commitments from six of the seven bodies subject to its probe.

The Competition and Consumer Protection Commission (CCPC) today announced that six motor insurers had agreed to implement internal competition law compliance programmes which would be subject to independent oversight.

The six insurers are: AIG Europe, Allianz, Axa Insurance, Aviva, FBD and AA...

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