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.



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