The National Commission on Markets and Competition (CNMC) has launched an investigation into potential anticompetitive conduct in Spain’s insurance sector involving insurance companies and insurance brokers.
According to the authority, the investigation focuses on possible agreements or coordinated practices among companies operating in the market. In particular, the CNMC is examining whether firms may have coordinated their conduct regarding coverage in compensation claims following insured events, exchanged information about customers and shared details concerning the fees paid to various professionals involved in claims management. The authority is also assessing whether certain professionals may have been excluded or restricted from working with insurers.
If confirmed, the conduct could constitute a breach of Article 1.1 of the Spanish Competition Act as well as Article 101 of the Treaty on the Functioning of the European Union, which prohibit agreements and concerted practices that restrict competition.
As part of the investigation, officials from the CNMC carried out unannounced inspections at the premises of several companies in the sector between 24 and 26 February 2026. The authority noted that these inspections represent a preliminary step in the investigative process and do not prejudge either the outcome of the inquiry or the liability of the companies involved.
Under Spanish competition law, the practices under investigation could be classified as very serious infringements if proven. Companies found to have participated in anticompetitive conduct may face fines of up to 10 percent of their total worldwide turnover in the business year preceding the imposition of the penalty.