EU says Ireland's car insurance industry is restricting competition

European Commission said insurance companies restricted access to its data-sharing system resulting in reduced choices for motorists seeking cover

Insurance Ireland said they are confident they can 'allay' the concerns of the Commission.

The European Commission has said Ireland's insurance industry breached EU antitrust rules by restricting competition in the car insurance market.

Insurance Ireland covers more than 90% of the Irish motor vehicle insurance market. Insurance Ireland members include AIG, Aviva, Axa, FBD, RSA and Zurich.