ITALY: Special MTPL premium discounts for motorists with a clean accident history

Cheaper MTPL policies will be available for Italian drivers who agree to subject the vehicle to a prior inspection by the insurance company, or to install a black box, or to mount on the car electronic mechanisms which prevents the engine from starting in the event of a driver's alchemical rate above the limits set by law (the so-called "alcolocks").

Discounts will be more significant for motorists with a clean history of accidents in the last four years, who are residents of the provinces with a higher rate of "sinister", which makes them susally pay higher premiums. A tax regulation will be issued by Insurance Supervisory Institute within three months, providing for the actual values of the dicounts. The discount applies to new contracts or to the renewal of existing ones. These measures are intended to further narrow the gap with the European countries for the cost of the policies, which currently stands at about EUR 100, against an average cost of EUR 367.

FY2016 statistical data and market news for the CEE, SEE and CIS motor insurance market are presented in the latest issue of the XPRIMM Motor Insurance Report, to be launched at Rendez Vous de Monte Carlo. Visit our stand and get your sample copy.



Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

20 years with XPRIMM

Our journey alongside the CEE, SEE and CIS insurance markets has reached the 20th milestone.
In 20 years we made every effort to become a reliable source of information, a familiar presence wherever something important happens in the re/insurance world.

2018-07-10

Deutsche Ruck grows and strengthens its assets

The Deutsche Ruck Group's gross premium income rose by 2.3% to EUR 1.2 billion in 2017. As well as a slight improvement in the operating result before tax, the Group once again achieved good investment income.

2018-07-11

LIVE: IIS Global Insurance Forum 2018 / Day2

The works of the Global Insurance Forum continued today in Berlin, Germany. Providing security for ageing populations in health care and pensions terms, as well as innovation and InsurTech or innovative strategies for the future development of the industry are on the today's agenda.

2018-07-10

ON THE MOVE

TOP EVENT

LIVE: IIS Global Insurance Forum 2018 / Day2

The works of the Global Insurance Forum continued today in Berlin, Germany. Providing security for ageing populations in health care and pensions terms, as well as innovation and InsurTech or innovative strategies for the future development of the industry are on the today's agenda.

10.07.2018

See all