The news about motor liability insurance introduced with the tax decree they penalize those who pay less today for merit and families with lower incomes, owners of a single vehicle. Also, the reform it does not involve any reduction in the overall cost of the policies. This is the opinion of the Order of Actuaries, the expert professionals in insurance and social security calculations.
But what does the tax decree provide for motor liability policies? The change is remarkable. Until now, thanks to the Bersani law of 2007, children could insure each new vehicle with the most favorable class of merit among those of their parents. However, the rule had two limits: the child's vehicle had to be a new purchase (it doesn't matter if new or used) and belong to the same category as the parent's vehicle (therefore car with car, scooter with scooter). Now the 2020 tax decree cancels these two limits, making even vehicles that have not just been purchased and those of different categories eligible. Translation: a child who has had a motorcycle for several years and has caused several accidents will be able to insure that same scooter in first class, benefiting from the years spent in a car by one of his parents without causing an accident.
Actuaries reject this system because “insurance premiums, even if related to mandatory coverage as in the case of motor liability, must be determined by scientific criteria, in compliance with the principles and rules of the actuarial technique". And this to "guarantee the fairness of the premiums themselves, since higher risks must correspond to higher premiums, and vice versa".
With the new regulations, the government aims to give Italian families "a breath of fresh air", reducing the overall costs of motor liability insurance. But even on this front, according to the actuaries, the new rules will be a failure, given that "the companies will ensure that the missing premiums are recovered by debiting them from the policyholders who do not benefit from this provision (all families with only one vehicle available), or by spreading them on all contracts in an undifferentiated manner, therefore also on those who have already reached the best bonus/malus class on their own merits. In both cases, the overall average premium cannot be reduced".
Result: although born from good intentions, the reform risks damaging precisely those who have the most merits and/or find themselves in the least favorable economic conditions.
