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 CONSEIL DES BUREAUX ID: 231528
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Slide1
Profitability
versConsumer protection
Presented byMariusz W. WichtowskiPresident
Managing Organisation of the International Motor Insurance Card System
Under the aegis of the United Nations
CONSEIL DES BUREAUX
COUNCIL OF BUREAUXSlide2
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
CONSEIL DES BUREAUX
COUNCIL OF BUREAUXSlide3
Conflicted
bodies
″We act for the protection of cross-border road traffic
victims”
166 Avenue Louise
B-1050 Brussels,
Belgium
www.cobx.org
CONSEIL DES BUREAUX
COUNCIL OF BUREAUX
Customers
Insurance markets
Slide4
Customers
″We act for the protection of cross-border road traffic
victims”
166 Avenue Louise
B-1050 Brussels,
Belgium
www.cobx.org
CONSEIL DES BUREAUX
COUNCIL OF BUREAUX
Insured persons
Victims
Slide5
Insurance
markets
″We act for the protection of cross-border road traffic
victims”
166 Avenue Louise
B-1050 Brussels,
Belgium
www.cobx.org
CONSEIL DES BUREAUX
COUNCIL OF BUREAUX
Insurers
National Bureaux
Guaranty Funds
Slide6
″We act for the protection of cross-border road traffic
victims”
166 Avenue Louise
B-1050 Brussels,
Belgium
www.cobx.org
CONSEIL DES BUREAUX
COUNCIL OF BUREAUX
Origin
of MTPL
Beginning of XX century
Soon compulsory
ProtectionSlide7
″We act for the protection of cross-border road traffic
victims”
166 Avenue Louise
B-1050 Brussels,
Belgium
www.cobx.org
CONSEIL DES BUREAUX
COUNCIL OF BUREAUX
Population of Europe 750 million
N
o
of vehilcles 360 million
Number of accidents millions/yearSlide8
″We act for the protection of cross-border road traffic
victims”
166 Avenue Louise
B-1050 Brussels,
Belgium
www.cobx.org
CONSEIL DES BUREAUX
COUNCIL OF BUREAUX
Insurance
Profit
vers
ProtectionSlide9
″We act for the protection of cross-border road traffic
victims”
166 Avenue Louise
B-1050 Brussels,
Belgium
www.cobx.org
CONSEIL DES BUREAUX
COUNCIL OF BUREAUX
Profit welcomedSlide10
″We act for the protection of cross-border road traffic
victims”
166 Avenue Louise
B-1050 Brussels,
Belgium
www.cobx.org
CONSEIL DES BUREAUX
COUNCIL OF BUREAUX
Risk
factors
External
InternalSlide11
Economical
crisis
Not predictable policy on the national leve
l
Low level
of the supervisionJurisprudence
″We act for the protection of cross-border road traffic
victims”
166 Avenue Louise
B-1050 Brussels,
Belgium
www.cobx.org
CONSEIL DES BUREAUX
COUNCIL OF BUREAUX
External
risksSlide12
Price war
High operation’s costsHigh commissionsBad organizationLack of experienceShort term plans
″We act for the protection of cross-border road traffic
victims”
166 Avenue Louise
B-1050 Brussels,
Belgium
www.cobx.org
CONSEIL DES BUREAUX
COUNCIL OF BUREAUX
Internal
risksSlide13
Who has influence ?
″We act for the protection of cross-border road traffic
victims”
166 Avenue Louise
B-1050 Brussels,
Belgium
www.cobx.org
CONSEIL DES BUREAUX
COUNCIL OF BUREAUX
Internal
risksSlide14
Uninsured
driving
Fraud
″We act for the protection of cross-border road traffic
victims”
166 Avenue Louise
B-1050 Brussels,
Belgium
www.cobx.org
CONSEIL DES BUREAUX
COUNCIL OF BUREAUX
Accumulative
risksSlide15
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
CONSEIL DES BUREAUX
COUNCIL OF BUREAUX
Uninsured
drivingSlide16
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
CONSEIL DES BUREAUX
COUNCIL OF BUREAUX
Uninsured
drivingSlide17
Value of the
costsEstimation
: 10-15 % of claims paid
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
CONSEIL DES BUREAUX
COUNCIL OF BUREAUX
FraudSlide18
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
CONSEIL DES BUREAUX
COUNCIL OF BUREAUX
Uninsured
driving
and FraudSlide19
″We act for the protection of cross-border road traffic
victims”
166 Avenue Louise
B-1050 Brussels,
Belgium
www.cobx.org
CONSEIL DES BUREAUX
COUNCIL OF BUREAUX
Where is the consumer?Slide20
″We act for the protection of cross-border road traffic
victims”
166 Avenue Louise
B-1050 Brussels,
Belgium
www.cobx.org
CONSEIL DES BUREAUX
COUNCIL OF BUREAUX
Where is the profit?Slide21
″We act for the protection of cross-border road traffic
victims”
166 Avenue Louise
B-1050 Brussels,
Belgium
www.cobx.org
Thank you
for
your
kind
attention
CONSEIL DES BUREAUX
COUNCIL OF BUREAUX