The Hungarian Competition Authority grants individual exemption to insurance companies for the conclusion of a consortium agreement (ÁB-Aegon Általános /Allianz Hungária / Generali-Providencia / OTP-Garancia / Uniqa)

In 2003, AB-Aegon Általános Biztosító Rt, Allianz Hungária Biztosító Rt., Generali-Providencia Biztosító Rt., OTP-Garancia Biztosító Rt. and Uniqa Biztosító Rt. filed a request for negative clearance or alternatively, a request for an individual exemption with the Hungarian Competition Office (HCO). The subject of the request was a coinsurance agreement concluded by the Hungarian State and the Coinsurance Group of Insurers («CGI»), a union of the above mentioned insurance companies regarding a statutory student insurance to be granted by the State to all Hungarian citizens between the age of 3 and 18. CGI was formed after the applicant insurers' consortium won the contract during a public procurement procedure which was an invitation type of procedure, i.e. the State did not publish the tender but

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Authors

  • Lakatos, Köves (Budapest)
  • Lakatos, Köves (Budapest)

Quotation

Ádám Máttyus, Eszter Ritter, The Hungarian Competition Authority grants individual exemption to insurance companies for the conclusion of a consortium agreement (ÁB-Aegon Általános /Allianz Hungária / Generali-Providencia / OTP-Garancia / Uniqa), 29 April 2004, e-Competitions April 2004, Art. N° 25322

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