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Profitability vers Consumer protection

CONSEIL DES BUREAUX. COUNCIL OF BUREAUX. Profitability vers Consumer protection. Presented by Mariusz W. Wichtowski President. Managing Organisation of the International Motor Insurance Card System Under the aegis of the United Nations . COUNCIL OF BUREAUX. CONSEIL DES BUREAUX.

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Profitability vers Consumer protection

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  1. CONSEIL DES BUREAUX COUNCIL OF BUREAUX Profitability vers Consumer protection Presented by Mariusz W. Wichtowski President Managing Organisation of the International Motor Insurance Card System Under the aegis of the United Nations

  2. COUNCIL OF BUREAUX CONSEIL DES BUREAUX Is there any contradiction? ″We act for the protection of cross-border road traffic victims” 166 Avenue Louise B-1050 Brussels, Belgium www.cobx.org

  3. COUNCIL OF BUREAUX Conflictedbodies CONSEIL DES BUREAUX • Customers • Insurance markets ″We act for the protection of cross-border road traffic victims” 166 Avenue Louise B-1050 Brussels, Belgium www.cobx.org

  4. COUNCIL OF BUREAUX Customers CONSEIL DES BUREAUX • Insured persons • Victims ″We act for the protection of cross-border road traffic victims” 166 Avenue Louise B-1050 Brussels, Belgium www.cobx.org

  5. COUNCIL OF BUREAUX Insurance markets CONSEIL DES BUREAUX • Insurers • National Bureaux • Guaranty Funds ″We act for the protection of cross-border road traffic victims” 166 Avenue Louise B-1050 Brussels, Belgium www.cobx.org

  6. COUNCIL OF BUREAUX Origin of MTPL CONSEIL DES BUREAUX • Beginning of XX century • Soon compulsory • Protection ″We act for the protection of cross-border road traffic victims” 166 Avenue Louise B-1050 Brussels, Belgium www.cobx.org

  7. COUNCIL OF BUREAUX CONSEIL DES BUREAUX • Population of Europe 750 million • No of vehilcles 360 million • Number of accidents millions/year ″We act for the protection of cross-border road traffic victims” 166 Avenue Louise B-1050 Brussels, Belgium www.cobx.org

  8. COUNCIL OF BUREAUX Insurance CONSEIL DES BUREAUX • Profit vers • Protection ″We act for the protection of cross-border road traffic victims” 166 Avenue Louise B-1050 Brussels, Belgium www.cobx.org

  9. COUNCIL OF BUREAUX CONSEIL DES BUREAUX Profit welcomed ″We act for the protection of cross-border road traffic victims” 166 Avenue Louise B-1050 Brussels, Belgium www.cobx.org

  10. COUNCIL OF BUREAUX Riskfactors CONSEIL DES BUREAUX • External • Internal ″We act for the protection of cross-border road traffic victims” 166 Avenue Louise B-1050 Brussels, Belgium www.cobx.org

  11. COUNCIL OF BUREAUX Externalrisks CONSEIL DES BUREAUX • Economical crisis • Not predictable policy on the nationallevel • Lowlevel of the supervision • Jurisprudence ″We act for the protection of cross-border road traffic victims” 166 Avenue Louise B-1050 Brussels, Belgium www.cobx.org

  12. COUNCIL OF BUREAUX Internalrisks CONSEIL DES BUREAUX • Price war • High operation’s costs • High commissions • Bad organization • Lack of experience • Short term plans ″We act for the protection of cross-border road traffic victims” 166 Avenue Louise B-1050 Brussels, Belgium www.cobx.org

  13. COUNCIL OF BUREAUX Internalrisks CONSEIL DES BUREAUX Who has influence ? ″We act for the protection of cross-border road traffic victims” 166 Avenue Louise B-1050 Brussels, Belgium www.cobx.org

  14. COUNCIL OF BUREAUX Accumulativerisks CONSEIL DES BUREAUX • Uninsureddriving • Fraud ″We act for the protection of cross-border road traffic victims” 166 Avenue Louise B-1050 Brussels, Belgium www.cobx.org

  15. COUNCIL OF BUREAUX Uninsureddriving CONSEIL DES BUREAUX • High level over 1 billion € claims/year • Serious problems on particular markets ″We act for the protection of cross-border road traffic victims” 166 Avenue Louise B-1050 Brussels, Belgium www.cobx.org

  16. COUNCIL OF BUREAUX Uninsureddriving CONSEIL DES BUREAUX • Less premium • Impact on financial stability • Negative psychological impact • Who is the final payer? ″We act for the protection of cross-border road traffic victims” 166 Avenue Louise B-1050 Brussels, Belgium www.cobx.org

  17. COUNCIL OF BUREAUX Fraud CONSEIL DES BUREAUX • Value of the costs • Estimation: 10-15 % of claimspaid • Whois the finalpayer? ″We act for the protection of cross-border road traffic victims” 166 Avenue Louise B-1050 Brussels, Belgium www.cobx.org

  18. COUNCIL OF BUREAUX Uninsureddriving and Fraud CONSEIL DES BUREAUX Direct impact on the profitability ″We act for the protection of cross-border road traffic victims” 166 Avenue Louise B-1050 Brussels, Belgium www.cobx.org

  19. COUNCIL OF BUREAUX CONSEIL DES BUREAUX Where is the consumer? ″We act for the protection of cross-border road traffic victims” 166 Avenue Louise B-1050 Brussels, Belgium www.cobx.org

  20. COUNCIL OF BUREAUX CONSEIL DES BUREAUX Where is the profit? ″We act for the protection of cross-border road traffic victims” 166 Avenue Louise B-1050 Brussels, Belgium www.cobx.org

  21. CONSEIL DES BUREAUX Thank you for yourkindattention COUNCIL OF BUREAUX ″We act for the protection of cross-border road traffic victims” 166 Avenue Louise B-1050 Brussels, Belgium www.cobx.org

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