The Croatian Competition Authority concludes that an association of insurers and its members did not breach competition law when deciding to temporarily revoke the power of one member to issue motor insurance certificates (Croatian Insurance Bureau / Generali Insurance)

Association of insurers and insurance companies did not breach competition law* In the proceedings the Croatian Competition Agency carried out against the association of insurance companies and 12 undertakings who are its members no evidence was found that the decision to revoke the power of Generali Insurance to issue a motor insurance certificate (“Green Card”) constituted a prohibited agreement either by object or by effect. Namely, the Croatian Competition Agency (CCA) in the proceeding against the Croatian Insurance Bureau (CIB) and 12 undertakings – members of CIB – association of insurance companies: Euroherc Insurance, Croatia Insurance, Croatia Lloyd Reinsurance, Hok Insurance, Izvor Insurance, Jadransko Insurance, Sunce Insurance, Triglav Insurance, Uniqa Insurance, Velebit

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Croatian Competition Authority, The Croatian Competition Authority concludes that an association of insurers and its members did not breach competition law when deciding to temporarily revoke the power of one member to issue motor insurance certificates (Croatian Insurance Bureau / Generali Insurance), 6 August 2015, e-Competitions August 2015, Art. N° 75200

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