The Competition and Consumer Protection Commission was responding to comments by the head of Insurance Ireland that motor rates are to rise by 25pc in 2016.
New figures from the Central Statistics Office show that motor-insurance premiums have already shot up by close to 27pc in the year to September.
This means that a €600 premium will have gone up by €160.
Now a letter from the commission has questioned whether Insurance Ireland has been sending anti-competitive signals to the market about price rises.
At a media briefing last month, the chief executive of Insurance Ireland Kevin Thompson indicated that motor premiums were due to go up by another 25pc in the coming year.
Mr Thompson said at the time: “We can only see further upward pressure on premiums.”
Asked about the double-digit increases in premiums last year, he added: “We could see the same again next year.”
Full content: News Talk
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
EU Conducts First-Ever Raids on a Company Under Foreign Subsidies Regulation
Apr 23, 2024 by
CPI
FTC Moves to Ban Non-Compete Agreements, Aiming to Boost Labor Mobility
Apr 23, 2024 by
CPI
Federal Judge Nods at $418M Deal in Real Estate Antitrust Suit
Apr 23, 2024 by
CPI
Mexican Watchdog Probes Amazon and Mercado Libre Over Loyalty Bundles
Apr 23, 2024 by
CPI
Competition Commission of India to Probe AI Landscape for Competition
Apr 23, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI