One of the fundamental objectives of the bill on competition is to reduce motor liability insurance premiums, but "from none of the most recent amendments can we expect a decrease in the cost of claims to a level close to the European average". This is what can be read in a note published by the National Order of Actuaries.
“On the contrary – continues the text – if the amendment were approved which seeks to restore the compensation for damages from micro-injuries even in the absence of instrumental surveys, the effects of the only regulatory measure really aimed at reducing the costs of compensation would be eliminated. In fact, these are costs deriving from pure speculation, the elimination of which has benefited all policyholders in recent years, in terms of concrete reduction in premiums".
However, according to the actuaries, "from the other amendments aimed at favoring policyholders residing in areas where the number of claims is higher, and more generally the mobility of policyholders between companies, there is no reasonable expectation of any reduction in costs, and therefore not even the total premiums needed to cover them”.
On the other hand, "the introduction of new restrictions on the free determination of tariffs, completely devoid of any technical motivation, will necessarily lead to burdens for policyholders who, on the basis of subjective merits (not having caused accidents) and/or objective merits (residence in low claims rate) today they justifiably pay the lowest premiums".
The Order of Actuaries, "which has always expressed its convictions with regard to the bill - concludes the note -, regrets how the legislative process is currently evolving and renews the hope of being able to collaborate with the bodies in charge, putting its expertise and professionalism at your complete disposal".
