The Competition Board concluded the investigation 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.

As a result of the discussion of the contents of the file on 23.01.2020, the Competition Board decided that Allianz Sigorta A.Ş., Dubai Starr Sigorta A.Ş., Ergo Sigorta A.Ş., Eureko Sigorta A.Ş. and Sompo Japan Sigorta A.Ş. violated article 4 of the Act no. 4054; therefore they shall be imposed administrative fines as per article 16 of the same Act. On the other hand, Aksigorta A.Ş., Axa Sigorta A.Ş. and Zurich Sigorta A.Ş. did not violate article 4 of the Act no 4054; thus, it was not necessary to impose administrative fines on the said undertakings according to article 16 of the same Act.

Click here for the text of the pronouncement of the decision dated 23.01.2020 and numbered 20-06/61-33, the reasoned decision for which will be notified later and which can be appealed before Ankara Administrative Courts.