ERDEM-NEWSLETTER-2018-metin

111 COMPETITION LAW fore, a market sharing loop has been formed 26 . The Decision states that in order to designate insurance premiums, insurance companies take into account their data pool, evaluate expenses, and take risks and consider statistical analyses in order to issue policies, and that there has been no agreement and/or concerted practices engaged in for market sharing by the investigated parties 27 . Conclusion As a result of the legal and economic analysis of the sector, it is evident that the parties to the investigation are not engaged in market- sharing on the basis of vehicle type, and that they issue policies taking into consideration the data pool, expenses, risk analyses and statistical evaluations in the determination of insurance premiums. In light of the legal and economic analyses considered by the Board, the Board emphasized that there have been no agreements and/or concerted prac- tices engaged in between the parties of the investigation in order to fix prices, despite the findings with respect to information exchanges between such parties 28 . In summary, as the Board decided that it was unnecessary to open an investigation regarding motor vehicles insurance premiums in 2013, upon the complaint in relation to this recent decision, the Board conducted an investigation, but did not impose any penalty, because there was no determination of an agreement and/or concerted practices engaged in amongst the parties. 26 Para. 694, Decision. 27 Para. 715, Decision. 28 Para. 716, Decision.