Discounts and Increases against the Base Premiums Increases in the Motor Third Liability Insurance in Poland
Discounts and Increases against the Base Premiums Increases in the Motor Third Liability Insurance in Poland

Summary/Abstract: In the year 2015 in Poland a record loss on the technical result in motor insurance of more than one billion zlotys has been reported. The low premiums resulted from the “price war” ongoing since the year 2003. Since the year 2016 in Poland an increase inpremiums for civil liability insurance of motor vehicle owners is observed, and analysts predict further growth. Despite the price increases in motor insurance, Poles are paying one of the lowest premiums of this kind of insurance in Europe. For several years on the Polish insurance market there are observed numerous and multidirectional changes in the bonus-malus system, which directly affect the level of premiums. In the paper the extentto which discounts and increases resulting from the bonus-malus system are apparent was assessed, taking into account the increase of the basic premiums. The conducted study was based on the data obtained from one of the insurance companies operating on the Polish market.

• Details
• Contents