Commission confirms unannounced inspections in the motor insurance market in Ireland

Author (Corporate)
Series Title
Series Details STATEMENT/17/1910 (04.07.17)
Publication Date 04/07/2017
Content Type

Background:

Unannounced inspections are a preliminary step into suspected anti-competitive practices. The fact that the Commission carries out such inspections does not mean that the companies are guilty of anti-competitive behaviour nor does it prejudge the outcome of the investigation.

The European Commission confirmed on 4 July 2017 that its officials had carried out unannounced inspections at the premises of companies active in motor insurance in Ireland.

The inspections were a result of concerns that the companies involved may have engaged in anti-competitive practices in breach of EU antitrust rules that prohibit cartels and restrictive business practices and/or abuse of a dominant market position.

Source Link Link to Main Source http://europa.eu/rapid/press-release_STATEMENT-17-1910_en.htm
Related Links
EurActiv, 05.07.17: Irish insurance companies raided by Commission officials http://www.euractiv.com/section/competition/news/irish-insurance-companies-raided-by-commission-officials/
Independent.ie, 06.07.17: Phones, computer hard drives seized in 'military-style' raid by EU investigators on insurance office http://www.independent.ie/business/personal-finance/phones-computer-hard-drives-seized-in-militarystyle-raid-by-eu-investigators-on-insurance-office-35900689.html
The Irish Times, 05.07.17: [Opinion] European Commission right to look under bonnet of motor insurers https://www.irishtimes.com/business/financial-services/european-commission-right-to-look-under-bonnet-of-motor-insurers-1.3143544
The Irish Times, 05.07.17: Motor insurance providers raided amid anti-cartel inquiry https://www.irishtimes.com/business/financial-services/motor-insurance-providers-raided-amid-anti-cartel-inquiry-1.3143581
RTÉ, 04.07.17: Irish-based motor insurers raided by EU competition officials https://www.rte.ie/news/business/2017/0704/887661-insurance-ireland-offices-visited-by-competition-offici/
Reuters, 04.07.17: EU antitrust regulator raids Irish car insurers http://in.reuters.com/article/us-eu-insurance-auto-antitrust-idINKBN19P1WB

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