Insurance body hits back at claims firms are involved in anti-competitive practices

A body representing Ireland’s insurance brokers has hit back at claims the profession is involved in anti-competitive practices, after the Government announced an investigation into the public liability insurance market.

Business Minister Heather Humphreys has tasked the Competition and Consumer Protection Commission (CCPC) to investigate, and said concerns have been expressed directly to her on the roles of insurance firms and intermediaries - including brokers - in what, “at times, appear to be very sharply increasing levels of public liability insurance premia”.