In the auto insurance sector, the risk of inflation could arise. To support this thesis was the president of theNational Association of Insurance Companies (ANIA), Maria Bianca Farina, during the 2022 assembly. Farina recorded the decrease in prices, despite the jump in inflation. But for the future it is not certain that the situation will remain as it is now. “We must be aware that we are entering a new phase. Inflation is destined to have an impact on the cost of claims, which is already growing in 2021, and therefore organic reforms of the system are made even more necessary to make it sustainable in the medium to long term.“, has explained.
The data relating to 2021 were presented at the shareholders’ meeting. “Overall Life and Non-Life premiums reached 140 billion euros, up 3.8%, “thus returning to the level of 2019”. In detail, Life premiums rose to 106 billion (+ 4.5%), non-life to 34.1 billion (+ 2%) due to a further decline of 4.5% in motor liability insurance premiums. Approximately two million accidents a year, which have decreased in recent years as due to less traffic linked to the pandemic and to the increase in fuel prices, less traffic due to the effects of the pandemic and the increase in fuel prices“, We read on Repubblica.
Farina recalled that after almost a decade of continuous reduction of the gap “The price gap with respect to the European average has drastically reduced, from 213 euros in the 2008-2012 period to 47 euros in 2021, as well as between the different areas of Italy“. “The negative economic consequences of war, it is emphasized in the report, would in fact contribute to a strong growth in inflation and this would explain the increase that will be recorded in 2022 both for the average cost of vehicle repairs and for the compensation for physical damage (minor, serious and fatal) suffered. by people involved in accidents. The increase in the individual items of the average costs of the indemnities will bring the total volume of the cost of the indemnities almost to align with the value recorded in the three-year period 2017-2019: in fact, in 2022 a total cost of 10.1 billion is expected, slightly lower. to the 10.7 billion that were recorded in the 2017-2019 three-year period preceding the pandemic“, Publishes La Stampa.
Consumer associations criticized the forecast of price increases.
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