The Competition Board made its final decision concerning the preliminary inquiry which was conducted in relation to the claim that undertakings operating in Turkey in the market for Compulsory Automobile Financial Liability Insurance (Traffic Insurance) concluded competition distorting or restricting agreements and/or engaged in concerted practices by jointly increasing their prices and implemented excessive pricing.

After discussing the information, documents and observations of the preliminary inquiry in its meeting of 02.03.2016, the Board decided that the findings were serious and sufficient, and took the decision numbered 16-07/137-M, launching an investigation on the following undertakings in order to determine whether thet violated article 4 of the Act no 4054:

− AIG Sigorta A.Ş.
− Aksigorta A.Ş.
− Allianz Sigorta A.Ş.
− Anadolu Anonim Türk Sigorta Şirketi
− Ankara Anonim Türk Sigorta Şirketi
− Axa Sigorta A.Ş.
− Dubai Starr Sigorta A.Ş.
− Demir Sigorta A.Ş.
− Ege Sigorta A.Ş.
− Ergo Sigorta A.Ş.
− Eureko Sigorta A.Ş.
− Halk Sigorta A.Ş.
− HDI Sigorta A.Ş.
− Hür Sigorta A.Ş.
− Generali Sigorta A.Ş.
− Groupama Sigorta A.Ş.
− Güneş Sigorta A.Ş.
− Işık Sigorta A.Ş.
− Liberty Sigorta A.Ş.
− Mapfre Genel Sigorta A.Ş.
− Neova Sigorta A.Ş.
− Orient Sigorta A.Ş.
− Ray Sigorta A.Ş.
− SBN Sigorta A.Ş.
− SS Doğa Sigorta Kooperatifi
− SS Koru Sigorta Kooperatifi
− Sompo Japan Sigorta A.Ş.
− Turins Sigorta A.Ş.
− Association of the Insurance, Reinsurance and Pension Companies of Turkey
− Türk Nippon Sigorta A.Ş.
− Unico Sigorta A.Ş.
− Ziraat Sigorta A.Ş.
− Zurich Sigorta A.Ş.

Article 4 of the Act no 4054 prohibits anti-competitive agreements and concerted practices between undertakings. The investigation was initiated in order to determine whether the undertakings in question violated article 4 of the Act no 4054.

*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. These declarations, which are made within the framework of informing the public on Competition Board decisions, cannot be interpreted to mean the undertakings or associations of undertakings under investigation have violated the Act no 4054 and that they have faced or will face sanctions under the Act.