The Italian Competition Authority closes its investigation into eight of the biggest Italian insurance companies with a commitment decision (Agenti monomandatari)

On 20 May 2014, the Italian Competition Authority (“ICA” or “Authority”) closed the investigation it had begun in June 2013 into eight of the biggest Italian insurance companies [1] by issuing a commitment decision [2]. The Authority had opened the investigation to assess whether the vertical agreements between each insurance company and its agents (known as agency agreements) contained anticompetitive provisions in breach of Article 101 of the Treaty of Functioning of the European Union (“TFUE”). More precisely, according to the ICA, the insurance companies investigated allegedly hindered de facto the spread of pluri-mandate agency networks through a combination of several provisions included in the agency agreements, i.e.: (i) the link between the mono-mandate obligation and the agent’s

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  • Bonelli Erede (Rome)

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Sara Lembo, The Italian Competition Authority closes its investigation into eight of the biggest Italian insurance companies with a commitment decision (Agenti monomandatari), 20 May 2014, e-Competitions Bulletin Commitment Decisions, Art. N° 69379

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