Auto Insurance in Italy

The paper describes the motor market in Italy and the impact that the EC directive may have over the next few years. The structure of the rating system, the level of tariffs deductibles, cover and policy duration are also described. Currently the third party motor tariffs are controlled by the State and the paper describes the methodology used by the Filippi committee to determine the level of the Bonus-Malus Tariff. Finally, the paper briefly describes the general approach to reserving in Italy and the role of ISVAP, the regulatory authority. Auto Liability, Auto Physical Damage