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CCPC and Brokers Ireland in car insurance market row

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The CCPC's five-year long investigation into alleged 'price signalling' in the motor market led six motor insurance companies to sign legally binding agreements to reform their internal competition law compliance programmes.

The five-year long investigation into alleged"price signalling" in the motor market led six motor insurance companies to sign legally binding agreements to reform their internal competition law compliance programmes.

A seventh body, Brokers Ireland, which was also the subject of the probe, declined to sign up to the agreements.This morning the CCPC published its full report on the matter, which outlines its reasoning for opening the investigation, the behaviours which came to light and the steps taken to secure the commitments.

But in a stinging attack on the CCPC, Brokers Ireland accused it of"spiteful commentary intended to blacken and sully the reputation of an organisation that had the courage to stand up to it."

 

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