(Finance) – In 2021 the premiums for the branch rc car And boats and for the CVT branch They were 15,273 million euros, down by 2.3% compared to 2020. Overall premium income is 5.8% lower than in 2016. The incidence of the motor sector on total non-life business continues to decrease. This is what emerges from the Bulletin on the insurance activity in the motor sector of the companies supervised by theIVASS.
The 42 companies (of which 40 national) collected prizes for 11.9 billion euros (down 4.5% compared to 2020), insuring 38.9 million vehicles. The average premium paid net of tax charges is 307 euros (-4.2% compared to 2020) while the incidence of management expenses on premiums (expense ratio) was 21.8%. Acquisition and collection commissions represent 64% of management expenses, the remainder being attributable to administration and acquisition expenses.
The frequency sinister amounted to 4.92% (4.20% in 2020 and 5.89% in 2019) for a total cost of 9.1 billion euros: the total average cost per claim amounts to 4,864 euros (-3, 7% compared to 2020). Overall, the branch closed the year with a profit, with a technical result net of reinsurance of 694 million euros (-53.9% compared to 2020), corresponding to a margin per policy of 18 euros.
As for the body branch of land vehicles – CVT (non-compulsory motor liability ancillary guarantees) the 44 companies collected €3.4 billion in premiums (+6.5% compared to 2020) equal to 9.8% of non-life collection, continuing the growth trend. There were 22.4 million vehicles insured. The average premium per policy issued, net of tax charges And parafiscal, is 149 euros (+5.1% compared to 2020). The claims frequency was 5.36%, slightly lower than pre-pandemic levels, for a total cost of 2 billion euro. The total average cost per claim amounts to 1,691 euros (-0.9% compared to 2020). The branch closed the year with a profit with a technical result net of reinsurance equal to 242 million euros (-42.2% compared to 2020), corresponding to a margin per policy of 12 euros.
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