CCPC Clarification Regarding Public Liability Insurance Market
Fri Aug 16 2019
The CCPC has issued a welcome clarification to correct widely reported inaccuracies regarding their activity in the public liability Insurance market.
It is the CCPC’s intention to conduct a market study of the public liability insurance market. It is not investigating any breaches of competition law. A link to the statement issued by the CCPC is here.
Brokers Ireland have issued the following press release, which has been circulated to all media agencies:
Statement Start
Brokers Ireland welcomes the clarification issued by the CCPC regarding its intention to carry out a market study in the public liability insurance market and confirmation that it is not investigating any breach of competition law.
Brokers Ireland is confident that the CCPC market study will highlight the positive role of Insurance Brokers in the public liability insurance sector.
Brokers generate competition and choice in all lines of insurance and financial services.
The personal injuries claims environment has created a significant challenge for individuals and businesses seeking public liability insurance. Brokers Ireland reiterates that those who take advice from an Insurance Broker when seeking insurance receive impartial, expert advice on the best cover available in the market, and will experience a better outcome if a claim is made than those who purchase insurance direct from an insurer or from a tied agent.
Brokers Ireland looks forward to addressing any queries raised by the CCPC in the course of its market study in the public liability insurance market.
Statement End
With Kind Regards,
Director of General Insurance
