Sunday August 9, 2020

State probed insurance database months before raids by EU

The government’s cost of insurance working group examined the database before publishing its final report in January 2017 but did not flag any potential competition concerns in the documen

26th May, 2019
EU Competition Commissioner Margrethe Vestage

Officials from several government departments probed an insurance database at the centre of the European Commission’s investigation into potential cartel-like behaviour months before Brussels launched a series of dramatic dawn raids in 2017.

The government’s cost of insurance working group (CIWG) examined the database before publishing its final report in January 2017 but did not flag any potential competition concerns in the document.

Months later, the commission raided the offices of Insurance Ireland...

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