The Competition Board concluded the preliminary inquiry related to the claim that undertakings operating in the market for voluntary insurance for big projects with high-risk capacity (including project financing) violated article 4 of the Act no. 4054 by means of collusion.

After discussing the information, documents and findings acquired in the preliminary inquiry in its meeting of 03.05.2018, the Board concluded that the findings were significant and sufficient, and took the decision no 18-13/240-M to initiate an investigation about the following undertakings in order to determine whether the undertakings in question violated article 4 of the Act no 4054:

• Aksigorta A.Ş.
• Allianz Sigorta A.Ş.
• Axa Sigorta A.Ş.
• Dubai Starr Sigorta A.Ş.
• Ergo Sigorta A.Ş.
• Eureko Sigorta A.Ş.
• Sompo Japan Sigorta A.Ş.
• Zurich Sigorta A.Ş.

*Investigation decisions taken by the Competition Board are announced to the public following the notification of the decision to the undertakings or associations of undertakings under investigation. Those announcements, which are made within the framework of informing the public about the decisions of the Competition Board, cannot be interpreted to mean that the undertakings or associations of undertakings under investigation have violated the Act no 4054, or they are or will be subject to penal sanctions under the Act.