Opinion: verticalised pricing

The more I reflect on it, the more it seems idiosyncratic for a
regulator with a competition remit tocome after the aviation insurance sector.
And at the risk of inviting additional regulatory interest
elsewhere, I will explain why.
Within the aviation sector pricing is verticalised, meaning that
it is agreed bilaterally between the brokers and each individual
market.
The leader's pricing on a programme is typically known when
followers are pricing up the business, but they are each expected...