Insurance Ireland facing heavy fines over claims data access

Insurance Ireland could be hit with a multimillion-euro fine if it fails to adhere to commitments aimed at allowing new entrants to the sector fair access to valuable claims data.

The European Commission last week accepted commitments made by the lobby group that it would allow access to a key claims information database, known as Insurance Link, for companies potentially looking to enter the market on a “fair, transparent, objective and non-discriminatory" basis over the ...