Magazine date:
Mar 2015 The insurance supervisory commission has initiated a tariff reform for motor insurance.
The new provisions will offer more flexibility to companies that so far have not been able to decide on pricing issues for this class of business.
This measure is designed to trigger competition among insurers. To date, the premiums charged depend exclusively on the price of purchase of a new vehicle.
The new project introduces a premium calculation based on the risk.
Will, thus, be taken into account: the model of the vehicle, driving habits, the number of seats, the age of the driver and his claim record. Good drivers will therefore benefit from more competitive tariffs.