The Italian Competition Authority opens an investigation against 8 insurance companies, for breach of Art. 101 TFEU (Unipol Assicurazioni...)

By its decision of 5 June 2013, the Italian Competition Authority (‘ICA’ or ‘Authority’) initiated an investigation against eight of the biggest insurance companies active in Italy, [1] in order to verify if in the vertical agreement between each insurance company and its agents (‘agency contracts’), the former directly or indirectly de facto prevented the latter from selling insurance services that are in competition with those included in the agency contracts, so as to restrict competition in the non-life insurance markets and, namely, for motor insurance (i.e., the RC Auto), [2] in breach of Art. 101 of the Treaty on the Functioning of the European Union (‘TFEU’). This investigation was initiated following complaints lodged by the National Trade Union of Insurance Agents based on a

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  • Bonelli Erede (Rome)

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Sara Lembo, The Italian Competition Authority opens an investigation against 8 insurance companies, for breach of Art. 101 TFEU (Unipol Assicurazioni...), 5 June 2013, e-Competitions Bulletin June 2013, Art. N° 60216

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