武汉鑫桥大通配资EU regulators to investigate Insurance Ireland data pooling system

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BRUSSELS (Reuters) - EU antitrust re武汉鑫桥大通配资gulators opened an investigation on Tuesday into Insuran武汉鑫桥大通配资ce Ireland武汉鑫桥大通配资’s data pooling syste武汉鑫桥大通配资m, concerned that conditions set by the association to access the system may block rivals in violation of EU competition rules.

Insurance Ireland represents 95 percent of the domestic market and more than 80 percent of Ireland’s international life insurance market in the country. It has about 130 members contributing insurance claims data to the database.

The European Commission said its investigation will examine whether the conditions imposed on companies seeking to access the Insurance Link database may put them at a competitive disadvantage on the Irish motor insurance market compared with companies that already have access.