Regarding the insurance of car fleets in 2022, Verspieren emphasizes this from the beginning: “There is not much difference in terms of the capacity of the insurers. In fact, the number of vehicles in the fleets remains approximately the same from year to year. To recall, in 2019, which is the year Prior to the health crisis, the fleet insurance covered 4,374,000 vehicles, compared to 43 million vehicles covered by individual contracts, a total of 50,453,000 vehicles insured including heavyweights and two wheels.
Insurance: supply is shrinking
But for fleet insurance in 2022, the trend observed for several years remained a shrinking supply. “Players are increasingly choosing risks and they are definitely staying away from certain activities,” the insurance broker stresses. This is true for Public Passenger Transport (TPV), Public Transport for Goods (TPM) or Short Term Rental (LCD), sectors facing significant demands.
Verspieren also recalls that for several years, “insurers have revised projected equilibrium levels in terms of claims downward. The balance S/P (claims/premium ratio) has been set at 60%, or even 45 to 50% for activities considered at risk, in order to Being able to provide for the occurrence of a high-density claim. Unattainable numbers! »
Repair and bodily injury costs
In addition, insurance companies take into account changes in repair costs. These increased by 6.7% between 2019 and 2020, with an increase of 8.1% for consumable parts, 3.2% for average hourly cost of labor, and 4.8% for the cost of collision repair paint components.
But repair fees aren’t the only thing driving up insurance costs. “In fact, it’s not the only component that makes up the Automotive Safety and Repair Index (SRA). And Versperen notes that the costs of (physical) civil liability claims have a greater impact. For whom the news remains the upside in third-party assistance (ATP) mode.
New Mobility and Fleet Insurance in 2022
“There is, in fact, a significant acceleration of inflation in recent years on all loss items and in particular the ATP component. This alone represents 45% of the total compensation. Added to this is the risk of an increase in the frequency of physical accidents associated with the sudden increase in urban areas of cyclists and cyclists. Scooters The insurance company is already noticing a growing place for these new patterns of circulation, which are forcing insurers to adapt.In this context, of course, we think of two-wheelers and EDPMs entering fleets.
Another development that will increase in 2022: the use of self-insurance. “This trend, which has already started two years ago, is in the process of increasing deductibles, particularly due to the impact of non-refundable insurance taxes and related management costs,” Versberen confirms. Which offers for self-insurance things such as broken glass or theft of belongings and personal things.
Other ways to follow, offered by the broker: Pay your driving style, but also, again and again, avoid road hazards with drivers. With the key, to these prevention approaches, the premiums are reduced if the results are present.