Increased Insurance Industry Antitrust Enforcement: Foreshocks Before the Earthquake?
On July 10, 2017, the latest in a string of European antitrust probes of the insurance industry touched down in Portugal, as the Portuguese Competition
Authority conducted dawn raids at four companies. The raids came close on the heels of the European Commission raiding several Irish automotive insurers, and recent raids of insurance companies and brokers by Swedish, UK, and Italian competition law enforcers.
Could the recent raids be the “foreshocks” that provide warning before an earthquake? While each of these current investigations appears to be geographically localized and to have a relatively narrow focus, is a broad sector-wide investigation the next step?
Our report on the Increased Insurance Industry Antitrust Enforcement.