The recent raid by the Competition Commission on prominent
players in the insurance industry serves as a wake-up call for
companies to ensure that their affairs are in order. One way to do
so is through a competition health check whereby an independent
attorney conducts an assessment to establish whether your
company's policies and practices comply with the Competition
Act.
What is a competition health check?
A competition health check, also referred to as a fair
competition review or audit, is a pro-active assessment of a
company's level of compliance with the Competition Act. Such an
assessment broadly includes risk identification, risk assessment,
mitigation, and implementation.