Like other industries, competition law risks rank among the most serious legal risks for any player active in the insurance sector. At the same time, the insurance sector is very unique in the amount and scope of co-operation between insurance companies as well as collaboration between and with brokers, reinsurers, claims management service providers, statutory health insurances, consultancy companies, internet comparison platforms and InsurTecs – to name only a few.
Moreover, driven by disruptive business models and regulatory developments, the application of EU competition law rules to the insurance industry has undergone substantial change in the past few years and is in need of further dynamic and diligent realignment.

Please find the article online at www.competitionlawinsight.com/industry-sector/compliance-at-risk--1.htm.