An insurance lobby group is being investigated by the European Commission (EC) over allegations that it withheld membership from underwriters entering the Irish insurance market.
The EC investigation into motor insurance in Ireland is looking at allegations that Insurance Ireland has created obstacles for new insurance firms to enter the Irish market, according to RTE.
The investigation follows document seizures from Insurance Ireland offices in Dublin last year by EC investigators. Insurance Ireland has insisted it is fully compliant with competition law.
However, investigators are examining an application form used by firms wishing to join Insurance Ireland which requires an existing member to sponsor the applicant.
Full Content: RTE