On 13 January, the OFT announced that it reached a settlement with seven insurance companies and two IT software and service providers who have agreed to limit the data that they exchange between them after the OFT raised competition law concerns. This followed an OFT investigation which identified an increased risk of price coordination among motor insurers using a specialist market analysis tool by Experian called Whatif? Private Motor. The companies under investigation are proposing to address the OFT’s concerns by giving formal commitments that will result in the insurers no longer being able to access each other’s individual pricing information through Whatif? Private Motor. Click here for more information.