The Federal Antimonopoly Service has detected a conspiracy between…
The Federal Antimonopoly Service has detected a conspiracy between the bank 'Russian Standard' and two insurance companies, 'Russian Standard Insurance' and JSC 'Zetta Insurance'.
Consensus
- The Federal Antimonopoly Service (FAS) identified signs of collusion among 'Bank Russian Standard', 'Russian Standard Insurance', and 'Zeta Insurance'.
- The companies allegedly coordinated to restrict other insurers from offering life and health insurance to the bank's loan applicants.
- The bank required borrowers to have insurance covering specific risks that were only offered by these two insurance companies.
- The insurance companies simultaneously introduced identical insurance risks into their products.
- FAS has initiated investigations into potential violations of antimonopoly laws.
- If violations are confirmed, the companies may face administrative fines.
Points of divergence
- FAS previously opened cases over unjustified fuel price increases and issued warnings in four Russian regions, including a case against two local gas station networks in Altai region. — vm
- FAS opened a separate case on July 31 against Alfa-Bank for alleged violations of advertising legislation related to the promotion of an OSAГО insurance product. — vedomosti
Coverage (4 sources)
- FAS identified a conspiracy between the bank 'Russian Standard' and two insurance companies — Вечерняя Москва
- FAS stated about a conspiracy in the insurance services market — Коммерсантъ
- FAS detected collusion on the insurance services market — Ведомости
- In Russia, a conspiracy on the insurance services market has been identified — Москва 24
Key entities
- FAS
- Russia
- Federal Antimonopoly Service
- Russian Standard
- Zeta Insurance JSC
- Russian Standard Bank JSC
- Russian Standard Insurance JSC
- TASS
- Stanislav Krasilnikov
- Russian Standard Bank
- Russian Federation (FAS)
- Zeta Insurance
- Russian Standard Insurance
- Russian Standard Insurance
- AO "Russian Standard Bank"