Rc Auto, Ivass to companies: in 2020 savings of over 2 billion but to customers for only 800 million

In the course of 2020, with the pandemic, on the side of TPL Auto “some companies have voluntarily recognized forms of relief for their policyholders. Not all of them, and not all in the same way or to the same extent. Now that the limitations mobility have almost completely returned, latecomers should urgently re-examine the issue “. This was stated by Luigi Federico Signorini, president of Ivass, expressed in the course of his considerations on the activity carried out in 2020 by the supervisory authority. “Consumers – he added – will in the meantime be able to get information and evaluate the behavior of the companies”. According to what is calculated by IVASS, in the face of over 2 billion in savings obtained by insurance companies thanks to the limitations in circulation during the pandemic, the refunds provided for when fully operational are quantified at around 800 million euros, with strong differences in behavior, explain from the ‘authorities, with companies that predicted more than their market share, some in line with this and those who did much less. In 2020, Signorini explained, “the profits of Italian insurance companies remained almost stable” and the average RoE amounted to “11.6% from 12.3% in 2019” and “in the Non-Life sector, profits grew by 45%, thanks to the Motor Civil Liability sector. In the classes other than TPL, premiums, charges for claims and earnings remained overall in line with those of the previous year. In the motor business, premiums fell by 5.5% but charges relating to claims fell by almost 20%, reflecting the reduction in in road accidents determined by traffic restrictions “, recalled the president of Ivass.