EU Commission Opens Investigat...

News

EU Commission Opens Investigation Into Insurance Ireland

Niall Colbert
Niall Colbert

2:29 PM - 14 May 2019



The European Commission has opened an investigation into Insurance Ireland to determine if it's in breach of competition law.

Some insurance companies can currently access a "data pooling system" to make sure there's no potentially fraudulent behaviour by claimants.

The Commission is looking into whether the terms of access for other companies who don't already have access, puts them at a competitive disadvantage.

Insurance Ireland insists its practices are fully compliant with competition law.

In a statement it's said:

Insurance Ireland understands that the investigation is focused on the InsuranceLink database, which is a secure database that holds claims information as a tool to assist in fraud detection. InsuranceLink is accessed by Insurance Ireland members and non-members and has been in operation since 1988.

Insurance Ireland is cooperating fully with the European Commission in its enquiries and is confident its practices are fully compliant with competition law."



Read more about

Competition Law EU Commission Insurance Insurance Ireland

You might like

Live: Title

Now playing

00:00:00 / 00:00:00
Added to queue
Removed from queue

On Air

Share

Share

Up next

Episode title
Show
Duration

You currently have no podcasts in your queue.

Go to podcasts

On Air

The Paul Mcloone Show

The Paul Mcloone Show

9 PM-12 AM

Share

Up next

Overnight

Overnight

12 AM-5 AM

Share

Early Breakfast with Pamela Jo...

Early Breakfast with Pamela Joyce

5 AM-7 AM

Share

The Ian Dempsey Breakfast Show

The Ian Dempsey Breakfast Show

7 AM-9 AM

Share

Dermot & Dave

Dermot & Dave

9 AM-12 PM

Share

Lunchtime

Lunchtime

12 PM-2 PM

Share

Fergal D'Arcy

Fergal D'Arcy

2 PM-4:30 PM

Share

The Last Word with Matt Cooper

The Last Word with Matt Cooper

4:30 PM-7 PM

Share

Ed's National Anthems

Ed's National Anthems

7 PM-9 PM

Share

Friday Night Anthems

Friday Night Anthems

9 PM-12 AM

Share

00:00:00 / 00:00:00

Share on