The decline in TPL Auto prices continues.
According to what is obtained from the Ivass bulletin, in the third quarter of 2020, the actual price of the motor liability insurance policy was on average 389 euros, a reduction of just over 5% (20 euros) on an annual basis.
Ivass recalls how the drop in prices "began in 2013 and was strengthened with restrictions on circulation".
In the third quarter of 2020, "after the contraction mainly due to the restrictions on circulation in the first months of 2020, the number of subscriptions of" TPL Auto policies starts to grow again.
The increases are 4.8 percent in July and 3.3 percent in September
In particular, according to Ivass, the reduction in prices is more pronounced in Southern Italy (Catanzaro -8.5 percent; Crotone -8.0 percent) compared to the provinces of Northern and Central Italy (Bolzano -2.1 percent). one hundred; Trento -2.2 percent). The price differential between Naples and Aosta continues to narrow, reaching € 227 (the actual average price in the two provinces is respectively € 473 and € 246), down by 36% compared to 2014; 23.2 per cent of the policies stipulated in the third quarter of 2020 include a premium reduction clause linked to the presence of a black box, whose penetration rate continues to be strongly correlated to the average premium between the provinces and varies from 66 per cent of Caserta to 4.3 per cent of Bolzano. The supervisory authority also notes a high correlation between price trends and market concentration: the reduction in prices is accompanied by intensification of competition between firms. The Herfindal-Hirschman Index (HHI), used to measure the level of concentration in the market, fell from 970 in the third quarter of 2014 to 842 in 2020.