The Polish Competition Authority accepts commitments proposed by insurers in the life insurance market (Allianz)

UOKiK issues commitment decisions in unit-linked life insurance cases as part of wide investigation of consumer abuses in the sector* Three insurance companies – Polish units of Aviva, Allianz and Nationale Nederlanden – have committed to significantly reduce cancellation fees in existing policies and to eliminate them from standard contract terms. The commitments were accepted by the Authority as part of ongoing proceedings against several life-insurance companies offering unit-linked products on the Polish market. Poland’s Office of Competition and Consumer Protection (UOKiK) has charged 17 insurance companies with imposing excessive cancellation charges on consumers to cover distribution costs related to

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Polish Competition Authority, The Polish Competition Authority accepts commitments proposed by insurers in the life insurance market (Allianz), 28 September 2015, e-Competitions September 2015, Art. N° 75843

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