Managing Organisation of the International Motor Insurance Card System
Under the aegis of the United Nations
CONSEIL
BUREAUX
COUNCILDES
OF BUREAUX
Profitability
vers
Consumer protection
Presented by
Mariusz W. Wichtowski
President
CONSEIL
BUREAUX
COUNCILDES
OF BUREAUX
Is there any contradiction?
166 Avenue Louise
B-1050 Brussels, Belgium
www.cobx.org
″We act for the protection of cross-border
road traffic victims”
CONSEIL
BUREAUX
COUNCILDES
OF BUREAUX
Conflicted bodies
• Customers
• Insurance markets
166 Avenue Louise
B-1050 Brussels, Belgium
www.cobx.org
″We act for the protection of cross-border
road traffic victims”
CONSEIL
BUREAUX
COUNCILDES
OF BUREAUX
Customers
• Insured persons
• Victims
166 Avenue Louise
B-1050 Brussels, Belgium
www.cobx.org
″We act for the protection of cross-border
road traffic victims”
CONSEIL
BUREAUX
COUNCILDES
OF BUREAUX
Insurance markets
• Insurers
• National Bureaux
• Guaranty Funds
166 Avenue Louise
B-1050 Brussels, Belgium
www.cobx.org
″We act for the protection of cross-border
road traffic victims”
CONSEIL
BUREAUX
COUNCILDES
OF BUREAUX
Origin of MTPL
• Beginning of XX century
• Soon compulsory
• Protection
166 Avenue Louise
B-1050 Brussels, Belgium
www.cobx.org
″We act for the protection of cross-border
road traffic victims”
CONSEIL
BUREAUX
COUNCILDES
OF BUREAUX
• Population of Europe
• No of vehilcles
• Number of accidents
166 Avenue Louise
B-1050 Brussels, Belgium
www.cobx.org
750 million
360 million
millions/year
″We act for the protection of cross-border
road traffic victims”
Insurance
CONSEIL
BUREAUX
COUNCILDES
OF BUREAUX
• Profit
vers
• Protection
166 Avenue Louise
B-1050 Brussels, Belgium
www.cobx.org
″We act for the protection of cross-border
road traffic victims”
CONSEIL
BUREAUX
COUNCILDES
OF BUREAUX
Profit welcomed
166 Avenue Louise
B-1050 Brussels, Belgium
www.cobx.org
″We act for the protection of cross-border
road traffic victims”
CONSEIL
BUREAUX
COUNCILDES
OF BUREAUX
Risk factors
• External
• Internal
166 Avenue Louise
B-1050 Brussels, Belgium
www.cobx.org
″We act for the protection of cross-border
road traffic victims”
CONSEIL
BUREAUX
COUNCILDES
OF BUREAUX
External risks
• Economical crisis
• Not predictable policy on the
national level
• Low level of the supervision
• Jurisprudence
166 Avenue Louise
B-1050 Brussels, Belgium
www.cobx.org
″We act for the protection of cross-border
road traffic victims”
CONSEIL
BUREAUX
COUNCILDES
OF BUREAUX
Internal risks
•
•
•
•
•
•
Price war
High operation’s costs
High commissions
Bad organization
Lack of experience
Short term plans
166 Avenue Louise
B-1050 Brussels, Belgium
www.cobx.org
″We act for the protection of cross-border
road traffic victims”
Internal risks
CONSEIL
BUREAUX
COUNCILDES
OF BUREAUX
Who has influence ?
166 Avenue Louise
B-1050 Brussels, Belgium
www.cobx.org
″We act for the protection of cross-border
road traffic victims”
CONSEIL
BUREAUX
COUNCILDES
OF BUREAUX
Accumulative risks
• Uninsured driving
• Fraud
166 Avenue Louise
B-1050 Brussels, Belgium
www.cobx.org
″We act for the protection of cross-border
road traffic victims”
Uninsured driving
CONSEIL
BUREAUX
COUNCILDES
OF BUREAUX
• High level
over 1 billion € claims/year
• Serious problems
on particular markets
166 Avenue Louise
B-1050 Brussels, Belgium
www.cobx.org
″We act for the protection of cross-border
road traffic victims”
Uninsured driving
CONSEIL
BUREAUX
COUNCILDES
OF BUREAUX
• Less premium
• Impact on financial stability
• Negative psychological impact
• Who
166 Avenue Louise
B-1050 Brussels, Belgium
www.cobx.org
is the final payer?
″We act for the protection of cross-border
road traffic victims”
Fraud
CONSEIL
BUREAUX
COUNCILDES
OF BUREAUX
• Value of the costs
• Estimation: 10-15 % of claims paid
• Who is the final payer?
166 Avenue Louise
B-1050 Brussels, Belgium
www.cobx.org
″We act for the protection of cross-border
road traffic victims”
Uninsured driving
and Fraud
CONSEIL
BUREAUX
COUNCILDES
OF BUREAUX
Direct impact on the profitability
166 Avenue Louise
B-1050 Brussels, Belgium
www.cobx.org
″We act for the protection of cross-border
road traffic victims”
CONSEIL
BUREAUX
COUNCILDES
OF BUREAUX
Where is the consumer?
166 Avenue Louise
B-1050 Brussels, Belgium
www.cobx.org
″We act for the protection of cross-border
road traffic victims”
CONSEIL
BUREAUX
COUNCILDES
OF BUREAUX
Where is the profit?
166 Avenue Louise
B-1050 Brussels, Belgium
www.cobx.org
″We act for the protection of cross-border
road traffic victims”
CONSEIL
BUREAUX
COUNCILDES
OF BUREAUX
Thank you
for your kind attention
166 Avenue Louise
B-1050 Brussels, Belgium
www.cobx.org
″We act for the protection of cross-border
road traffic victims”