The Indian Competition Authority dismisses allegations of abuse of dominance by a reinsurance company as its client insurance companies retain the freedom to decide their premium rates as well as their reinsurer under national law (Automotive Tyres Manufacturers Association / General Insurance Corporation of India)

KEY POINTS The markets for insurance and reinsurance exist as separate markets and insurance companies have the commercial freedom to price their policies as they deem fit according to the market conditions and decisions taken in the reinsurance market do not place any restriction on insurance companies to offer products to their customers (“policyholders”). BRIEF FACTS An information was filed before CCI against the General Insurance Corporation of India (“GIC Re”), which is a reinsurance company, i.e., a company engaged in the business of providing insurance for insurance companies. It was the informants’ primary contention that GIC Re, had abused its dominant position in the Indian reinsurance market by exorbitantly increasing the reinsurance premium being charged to general