Request for exemption from the competition act by insurance companies to operate the CASBAS damage evaluation system

• Get document
• Case number: 1/2015
• Date: 19/1/2015
• Company:
  • Vátryggingafélag Íslands hf.
  • Sjóvá-Almennar tryggingar hf
  • Vörður vátryggingafélag hf.
  • Tryggingamiðstöðin hf.
• Sectors:
  • Financial services
• Policy Area:
  • Excemptions
• Summary

  The Competition Authority has granted, with conditions, four insurance companies as well as International Motor Insurance in Iceland, exemption from the prohibitionary rules of the Competition Act to operate a so-called CABAS system, to evaluate damages occurred in car accidents.