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The Hungarian Competition Authority gives youth-insurance consortium individual exemption (ÁB-Aegon Általános /Allianz Hungária / Generali-Providencia / OTP-Garancia / Uniqa)

On 29 April 2004, the Hungarian Competition Authority (GVH) granted individual exemption to ÁB-Aegon Általános Biztosító Rt., Allianz Hungária Biztosító Rt., Generali-Providencia Biztosító Rt., OTP-Garancia Biztosító Rt. and Uniqa Biztosító Rt., five of the largest Hungarian insurance companies jointly controlling over 73% of the Hungarian insurance market, to form a consortium for the provision of accident insurance for kids and youngsters (youth-insurance). The consortium and the insurance scheme were specifically created in response to a public procurement announced by the Hungarian State, which wanted to provide accident insurance coverage for all Hungarian citizens between the age of 3 and 18. The GVH first examined the position of the parties on the Hungarian insurance market in 2002 and

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  • Van Bael & Bellis (Brussels)

Quotation

Gábor Báthory, The Hungarian Competition Authority gives youth-insurance consortium individual exemption (ÁB-Aegon Általános /Allianz Hungária / Generali-Providencia / OTP-Garancia / Uniqa), 29 April 2004, e-Competitions April 2004, Art. N° 21248

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