Insurance Ireland notes that the European Commission has decided to issue a Statement of Objections in respect of its ongoing investigation into Insurance Link, an Anti-Fraud tool. It is important to note that the Statement of Objections sets out the European Commission’s preliminary views only and is not the European Commission’s final decision. Insurance Ireland will now have an opportunity to respond to the Statement of Objections over the coming weeks.
Over the last four years, Insurance Ireland has cooperated with the investigation of the European Commission and we will continue to do so through this stage of the process. We will now assess the points set out by the European Commission and we are confident that we can allay the European Commission’s perceived concerns.
Insurance Ireland notes the European Commission’s statement states that ‘Opening a formal antitrust investigation and sending a Statement of Objections does not prejudge the outcome of the investigations.”