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Actual development, problems and their potential solutions in the transborder claims handling

Actual development, problems and their potential solutions in the transborder claims handling. Mariusz W. Wichtowski Istanbul 5.03.2012. Agenda. General remarks Some historical aspects Green Card System vs MID Claims settlement Potential risks Aims for the future. Some statistics.

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Actual development, problems and their potential solutions in the transborder claims handling

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  1. Actual development, problems and their potential solutions in the transborder claims handling Mariusz W. Wichtowski Istanbul 5.03.2012

  2. Agenda • General remarks • Some historical aspects • Green Card System vs MID • Claims settlement • Potential risks • Aims for the future

  3. Some statistics • Members of the GC System 46 • Multilateral Agreement 33 • GC basis 13

  4. Some statistics • Population of Europe 715 million • No of vehilcles 350 million • EU yearly died 50.000 • EU yearly injured 150.000

  5. Green Card Claims • 2010 381.353 • 2009 345.746 • 2005 342.963 • 2000 337.361 • 1999 291.730

  6. Some statistics

  7. Green Card Claims over 1,7 billion Euro

  8. Protection of visitors No statistics

  9. Partners in claims handling • Bureaux • Agents • Correspondents • Claims representatives • Compesation bodies • Guarantee funds

  10. Integration and protection • Green Card System 1949 • EU Directives

  11. Objectives • Free flow of cross border traffic • Guarantee to victims

  12. Forms of regulations • Domestic • Bilateral • Multilateral

  13. Aim of regulations Consumer protection

  14. Who is consumer? *Insured * Victim

  15. Are there any problems? • Not sufficient shield on victims • Diferent level of protection • Luck of practical experience

  16. Why protection of both systems?

  17. Why? • To protect consumers • To protect international insurance markets

  18. Correspondents • Negative expirience • No reaction vs insurers on time due to commercial reasons • Not sufficient cooperation with insurers • Luck of trust • Luck of cooperation with national bureaux

  19. Claims representatives • Formal establishment • Narrow proxy • Luck of comunication with insurer • Passive behavior vs victims • Low expirience in foreign law

  20. Indentified risks • Economical world crisis • Bancruptcies of insurers • Delay of paymants • Lack of trust • Luck of financial discipline • Fraud

  21. Potencial solutions • Tighten the financial discipline • Monitoring of financial stability • Introducin of financial criteria • Permament training • Fight against fraud

  22. Fraud – new challenge? • Is there any conection between the activity of the Green Card System and fraud problems? • Should we together look for any solution? • Who is the final payer?

  23. Aims for the future • Equal rights for the road users • Real guaranties for victims • One aim different methods • Any common solution?

  24. Thank you for your attention!

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