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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.