Bonus-Malus will advantage 90% of the MTPL insured drivers
The introduction of the bonus-malus system, starting January 1, 2010, for the MTPL policies, will be an advantage for 90% of the insured, in the context in which only 10% of those who have an MTPL policy are causing claims, announced the Insurance Supervisory Commission. Thus, a driver who had no accidents over a period of one year may receive a bonus of 10%, and the reduction can even reach 50% in 7 years, in the absence of any road events. At the same time, for the drivers with claims, insurers will apply a malus coefficient of 45% for one road event, and an increase of up to 200% for those who produce more accidents.
"This system is advantageous for most of the insured drivers, as 90% of those who buy an MTPL policy do not produce any events, according to ISC estimations. The other 10% of the insured, which create traffic problems, will suffer the effects of malus. There are some technical criteria by which this will function", the ISC representatives stated.
The bonus-malus system will apply to any insured or individual user, and implies payment of higher insurance premiums for drivers who have an unfavorable history in terms of claims, respectively reductions in premiums for those drivers who have a good history.
For the application of the bonus-malus clause, are taken into account the events recorded on the insurance policies concluded by the insured, regardless of who led the vehicle at the time of the accident. However, the bonus-malus coefficient of the insured is not influenced if, when the road event took place, the vehicle was taken and used without the consent of the owner, and this fact was a matter referred in writing to the police.
The ISC announced that both the bonus-malus system and the electronic issuing of the MTPL policies would be applied starting January 1, 2010, considering that the market's representatives declared themselves prepared and that their introduction would have beneficial effects in terms of the protection of the insured.
Author: Andreea IONETE
on 18.11.2009
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