European Auto Insurance Pricing Considerations

This paper provides a broad overview of auto pricing in Europe. The change of markets from a cartel pricing situation to complete pricing freedom is explored. Items that should be considered in developing correct rates are listed and illustrated in turn with examples from the author's own experience abroad. The list and examples are meant to help the reader avoid mistakes stemming from commonly made assumptions. Finally, an approach to pricing is suggested for success as a multinational personal lines insurer.