The prices of third party liability insurance are on the rise again in Italy. He certifies it Ivass in its Iper investigation, specifying that in the third quarter the average premium rose by 2%, to 420 euros. “This increase – reads the report – affected the reduction in prices recorded on an annual basis, which contracted, settling at -1,3 percent”.
However, as a result of the discounts applied to the companies' customers, 50% of policyholders pay less than €378.
"The dispersion of prices is widely differentiated in the territory - writes IVASS - prices tend to be less differentiated in the southern provinces where, historically, the Bonus Malus system has been less efficient in capturing claims".
According to the Insurance Supervisory Institute, the greater dispersion of prices found in telematic policies would seem to indicate that the black box allows more precise measurements of the insured risks, which have a positive effect on pricing. The price dispersion differential with respect to traditional contracts (without a black box) is over 3 percentage points.
The growth trend of telematic policies continues, in deceleration: in the third quarter of 2017, 20,3% of contracts include a black box.
