EU investigates Irish motor insurers over alleged cartel

Focus on whether restricting access to database leads to competitive disadvantage

The cost of car insurance is impacting young peoples chances of employment in rural Ireland, but does the New Zealand model hold any solutions?

The European Commission has opened a formal antitrust investigation into Insurance Ireland to assess whether it is operating a cartel.

Commissioner Margrethe Vestager said the investigation is to focus on if the body’s Insurance Link data pooling system restricts competition to others. The move follows a series of raids on motor insurance providers in the Republic in mid-2017.

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