The Competition Commission of India has reportedly ordered an investigation into the General Insurers (Public Sector) Association for anticompetitive behavior, industry experts say.
According to reports, the probe marks a turnaround for the CCI, which in 2010 found little concern among a joint venture plan between the GIPSA and another partner to set up a common third party administrator.
Now, however, the CCI says that the proposed TBA joint venture would harm competition as the insurers that are part of the GIPSA hold a dominant position in the health insurance market. A joint venture, the watchdog said, would hold the largest market share and is at risk for abusing its market dominance.
Full content: Mizo News
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