QBE believes in free and fair competition, competing ethically and lawfully in our activities. All QBE employees must respect applicable competition and antitrust laws across the globe.
QBE’s Group Antitrust Policy focuses on our obligations under all applicable laws and regulations in managing antitrust risks. We recognise that different regions where QBE operates may be subject to distinct regulatory requirements. QBE is committed to complying with these regulations and ensuring that our practices align with the antitrust laws and other regulatory frameworks in all regions of operation.
Anti-competitive agreements, including concerted practices among competitors, are strictly prohibited. Such conduct includes the abuse of a dominant position, price signalling, exclusionary provisions, exclusive dealing, resale price maintenance, third line forcing, and predatory pricing, as well as any other actions that could potentially breach antitrust laws.
When interacting with competitors or potential competitors:
- We do not obtain or share sensitive commercial information, confidential information, nor do we communicate false information.
- We make business decisions independently from competitors and without collusion.
- We avoid formal or informal agreements, understandings, or arrangements that could restrict competition.
- Any mergers and acquisitions affecting enterprise control may require review or authorisation by relevant competition authorities.
Compliance and legal advice must be obtained before any cooperation with competitors (or potential competitors), suppliers, or customers that might reduce competition. This includes joint purchasing, standardisation, and joint commercialisation agreements.