OP is abusing its dominant market position, If claims - HS in English | HS.fi
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OP is abusing its dominant market position, If claims

OP Financial Group is abusing its dominant position in the market for banking and insurance services, If P&C Insurance Company claims in a request for action submitted to the Finnish Competition and Consumer Authority (KKV) in August. The matter was brought to public attention on Monday when the financial co-operative revealed that it has received a request for clarification from KKV.

Julkaistu: 16.12.2015 4:04

If has asked KKV to determine whether or not OP Financial Group is offering its insurance products to consumers at premiums lower than their production costs by bundling its banking and insurance services.

OP has announced that roughly 1.5 million of its 4.3 million customers are customer-owners, who are entitled to discounts on their banking and insurance charges. Its bonus scheme allows its insurance customers to use the bonuses they have earned from banking services to pay towards their insurance premiums – and vice versa.

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