EU Court's Take On Remuneration Of Insurance Brokers

Law360, New York (April 1, 2013, 11:41 AM EDT) -- On March 14, the Court of Justice of the European Union provided guidance on the anti-competitive nature of certain agreements between providers of repair services and insurers in the markets for motor insurance and repair services (see Case C-32/11).

Background on the Matter

The judgment, rendered in response to questions put to it by the Hungarian Supreme Court, examined whether the payment by insurers, Hungarian subsidiaries of the Allianz and Generali groups, of certain incentives to insurance brokers in order to increase the sales of policies...
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