Competition watchdog raids biggest insurers for collusive behaviour

The Competition Commission said on Thursday it was investigating eight insurance companies for allegedly engaging in collusive practices, which contravened the Competition Act.

The investigation includes Sanlam, Old Mutual, Hollard, BrightRock, FMI , Momentum, PPS and Discovery, which together account for the vast majority of the life-insurance market in SA...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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Competition Commission raids insurance companies suspected of price fixingThe commission said it has reasonable grounds to suspect that the companies, including industry heavy weights Discovery Limited and and Momentum, colluded to fix prices and trading conditions. Great news for consumers. We have been denied genuine choice for too long. Now go for the Danish pasty price-fixing scam. Woolies, P&P, Checkers all the same? I am super excited right now, I can now pay my bills and take good care of my family.. Thank you for bringing happiness to my home with just $1000 i got $10,000 in 7days JamesAlderson0 BUT ITS ONLY THURSDAY TODAY. EWN IS PREDICTING THE FUTURE
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