Insurance Ireland notes that the European Commission has decided to open proceedings in its ongoing investigation. It is important to note that the European Commission has not reached any conclusions or made any findings in respect of Insurance Ireland.
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.