The discussion on the new amendments to competition bill, underway in Parliament these days, worries the president of ANIA Aldo Minucci regarding a potential increase in the price of motor liability policies. ??“We are very worried – affirms the president Minucci – that the rumors that indicate that a reformulation of article 7 of the competition bill presented by the rapporteurs is about to be approved”.
For the number 1 of Ania any changes "would lead to an increase in the cost of motor liability compensation with an inevitable increase in the price of policies. It is surprising that a provision developed and wanted by the Government with the aim of obtaining greater transparency and information in favor of motor liability policyholders and of determining a significant reduction in the prices of the policies, due to demagogic and interested positions, translates into the result opposite: the increase in the cost of motor liability insurance”.
According to Minucci it is "incredible that the elimination of the verification obligation is hypothesized through an instrumental device for the compensation of the so-called whiplash, the only measure that had allowed a drastic reduction in fraud, contributing decisively to the drop in 15% of the prices of motor liability policies in the last 3 years”.
For Minucci, therefore, we are traveling in the opposite direction to what was planned for just over a month when it seemed that the bill could contribute to a lowering of the policies.
“Envisaging that IVASS defines the discounts is in open violation of the freedom of economic initiative, guaranteed by the Constitution and by the community rules in force. With the measures that are being approved in the Competition Law - concludes Minucci - there is the risk of making Italy take a step backwards in terms of fight against fraud, in terms of competition in the insurance sector and the increase in motor liability prices. Let's hope that the Renzi government wants to return to the original text, defending a fundamental measure to bring the price of third party liability insurance in Italy closer to that of other European countries".
