The Office of Competition and Consumer Protection (UOKiK) has summed up its activity in the area of client complaints on out-linked insurance products.
In previous years UOKiK issued 23 decisions in these cases. The watchdog imposed financial penalties on insurance companies to a total value of PLN 57m. Five proceedings were completed by issuing a judgement. In the remaining proceedings UOKiK concluded settlements with life insurance companies.
UOKiK also stated that its activity has an impact on decreasing liquidation fees in out-linked insurance products.
