A PYMNTS Company

Irish Insurers Offer Opening Up Data Platform In EU Antitrust Case

 |  February 27, 2022

Irish insurers’ association Insurance Ireland has offered to open up its data sharing platform to non-members and apply fair criteria to access it in an attempt to end a near-three EU antitrust investigation and stave off a possible hefty fine.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The European Commission last year charged the industry body, which covers over 90% of the Irish motor vehicle insurance market, with restricting certain insurers and their agents’ access to its data system called Insurance Link.

    The EU competition enforcer said this gave Insurance Ireland’s members an unfair advantage, reduced the possibility of more competitive prices and restricted the number of choices for car owners.

    Insurance Ireland has proposed to allow insurers access to Insurance Link regardless of whether they are members or not, the commission said in a statement on Friday.

    It will also change the criteria for accessing the platform to make them fair, objective, transparent and non-discriminatory that will be applicable to both Irish and non-Irish applicants.

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.