Heather Irvine

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Irish Competition Commission warns insurers about talking up prices

By Heather Irvine on October 23, 2015 Posted in Insurance

The Irish Independent has reported that the Irish Competition Commission has called out the head of Insurance Ireland (which represents 95% of the domestic market) for saying that car insurance rates were set to rise by 25% in 2016 and that there was “further upward pressure on premiums”. The Commission said that statements of this … Continue reading

The dangers of insurance premium collusion

By Heather Irvine on June 11, 2015 Posted in Insurance

In early June 2015 the Competition Authority of Kenya fined the Association of Kenya Reinsurers about R91 000 for setting minimum premium rates for insurance companies tendering to provide group life cover to the National Intelligence Service employees. The fixing of minimum premium rates have been going on for years in Kenya. The reinsurers claim these … Continue reading