EU investigates Irish motor insurers over alleged cartel
Focus on whether restricting access to database leads to competitive disadvantage
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.