Impact of direct Impact of direct settlement of settlement of motor claims on time and motor claims on time and costs of costs of compensation compensation The The case of Spain case of Spain ANA GARCÍA BARONA Technical and Reinsurance Director Consorcio de Compensación de Seguros Warsaw, 7 – 9 May 2008
35
Embed
Impact of direct settlement of motor claims on time and costs of compensation The case of Spain
Impact of direct settlement of motor claims on time and costs of compensation The case of Spain. ANA GARCÍA BARONA Technical and Reinsurance Director Consorcio de Compensación de Seguros Warsaw, 7 – 9 May 2008. C.C.S. Motor Vehicle Compulsory Insurance. CCS Functions and Coverage - PowerPoint PPT Presentation
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Impact of direct settlement Impact of direct settlement of of
motor claims on time and motor claims on time and costs of costs of
compensationcompensationTheThe case of Spain case of Spain
ANA GARCÍA BARONATechnical and Reinsurance DirectorConsorcio de Compensación de Seguros
Warsaw, 7 – 9 May 2008
2
Impact of direct settlement of motor claims on time and costs of compensation. The case of Spain.
II-nd Warsaw International Motor Insurance Forum 8-9 May 2008
I.I. CCS Functions and CoverageCCS Functions and Coverage
II. Motor Vehicles RegisteredMotor Vehicles Registered
III.III. Claim FilesClaim Files
IV.IV. Claims Economic CostClaims Economic Cost
V.V. Sequence of Claim ManagementSequence of Claim Management
VI.VI.Human Resources CostHuman Resources Cost
C.C.S. Motor Vehicle Compulsory C.C.S. Motor Vehicle Compulsory InsuranceInsurance
3
Impact of direct settlement of motor claims on time and costs of compensation. The case of Spain.
II-nd Warsaw International Motor Insurance Forum 8-9 May 2008
I. CCS FunctionsI. CCS Functions Public vehicles (on request)
Total claim files 96,881 98,820 96,798 89,447 86,015
Number of claims by year of recordingCategory of insurance
8
Impact of direct settlement of motor claims on time and costs of compensation. The case of Spain.
II-nd Warsaw International Motor Insurance Forum 8-9 May 2008
III. Trend of claims submitted by III. Trend of claims submitted by category of insurance category of insurance (year of (year of recording)recording)
0
10,000
20,000
30,000
40,000
50,000
60,000
2002 2003 2004 2005 2006 2007
Tota
l cla
ims
Direct Insurance. Private vehicles Direct Insurance. Official vehiclesGuarantee Fund. Uninsured vehicles Guarantee Fund. Unidentified vehiclesGuarantee Fund. Stolen vehicles
9
Impact of direct settlement of motor claims on time and costs of compensation. The case of Spain.
II-nd Warsaw International Motor Insurance Forum 8-9 May 2008
III. Breakdown of claims submitted by III. Breakdown of claims submitted by category of insurance, year of category of insurance, year of recording: 2006 recording: 2006
23%
14%
56%
2%5%
Direct Insurance. P rivate vehicles
Direct Insurance. Official vehicles
Guarantee Fund. Uninsured vehicles
Guarantee Fund. Unidentified vehicles
Guarantee Fund. Stolen vehicles
10
Impact of direct settlement of motor claims on time and costs of compensation. The case of Spain.
II-nd Warsaw International Motor Insurance Forum 8-9 May 2008
IV. Direct indemnities by category of IV. Direct indemnities by category of insuranceinsurance
Total paid by year of paymentCategory of insurance
11
Impact of direct settlement of motor claims on time and costs of compensation. The case of Spain.
II-nd Warsaw International Motor Insurance Forum 8-9 May 2008
III. Breakdown of direct indemnities by III. Breakdown of direct indemnities by category of insurance, year of category of insurance, year of payment: 2006payment: 2006
18%
8%
55%
3%
16%Direct Insurance. P rivate vehicles
Direct Insurance. Official vehicles
Guarantee Fund. Uninsured vehicles
Guarantee Fund. Unidentified vehicles
Guarantee Fund. Stolen vehicles
12
Impact of direct settlement of motor claims on time and costs of compensation. The case of Spain.
II-nd Warsaw International Motor Insurance Forum 8-9 May 2008
IV. Trend of direct indemnities by IV. Trend of direct indemnities by category of insurance category of insurance (year of payment)(year of payment)
0
20,000,000
40,000,000
60,000,000
80,000,000
100,000,000
120,000,000
140,000,000
2002 2003 2004 2005 2006 2007
Tota
l €
Direct Insurance. Private vehicles Direct Insurance. Official vehicles
Total € 173,048,727 191,377,029 172,846,802 164,304,968 144,437,564 97,943,118
Year of ocurrenceType
14
Impact of direct settlement of motor claims on time and costs of compensation. The case of Spain.
II-nd Warsaw International Motor Insurance Forum 8-9 May 2008
IV. Breakdown of payouts by type of IV. Breakdown of payouts by type of damage, year of occurrence: 2006damage, year of occurrence: 2006
65%
7%
28%
Property damage
Personal injuries
Sanitary Asistance
15
Impact of direct settlement of motor claims on time and costs of compensation. The case of Spain.
II-nd Warsaw International Motor Insurance Forum 8-9 May 2008
IV. Breakdown of indemnities by type IV. Breakdown of indemnities by type of personal injury, year of occurrence: of personal injury, year of occurrence: 20062006 4%
19%
13%
54%
5%
2%
3%
Severely disabled
Death
Incapacity for any gainful employment
Permanent total disability
Permanent partial disability
Permanent disability with impairments
Temporary disability
16
Impact of direct settlement of motor claims on time and costs of compensation. The case of Spain.
II-nd Warsaw International Motor Insurance Forum 8-9 May 2008
IV. Average direct-indemnity per claimIV. Average direct-indemnity per claim
2004 2005 2006
Direct Insurance. Private vehicles 2,166 2.001 2,020
Direct Insurance. Official vehicles 1,777 2,171 2,290