Road traffic injuries and deaths are on the rise in some of the EU countries, as for example Cyprus (26.7% as compared with 2014), Finland, Croatia, Austria, the Netherlands, Slovenia or Malta. In relative terms, Bulgaria has the worst statistics, with ten people per 100,000 residents killed in road accidents.
For the EU motor insurers, though, worsening road accidents' statistics mean a direct impact on their efficiency ratios, especially there where the figures show a significant increase in the number of injured and killed people. The trend is especially observable since bodily injuries and pain & suffering claims represent a significant, and probable the most volatile share of the motor paid claims volume.
The second section of the IIF 2017 - New challenges for the CEE motor insurance industry, to take place in Vienna, on February 15, will address the main challenges insurers are facing in the area of claims settling, as well as the means to avoid and limit insurance fraud.
"We lose 70 people per day in Europe on European roads and we've done enormous efforts to bring this number down," Violeta BULC, the EU transport policy chief recently stated. She said that driverless cars could help to decrease the number of people killed in traffic, which determines her office to actively support the sector's development. Driverless cars' insurance is one of the issued on the EC's agenda for the road safety.
In this context, the conference will also investigate on the means offered by the digital technologies - telematics, IoT etc., to improve vehicles safety and drivers' behaviour and to assist the insured drivers both in preventing and dealing with the road accident effects.
Registrations are already opened on the event's website. Free of charge participation is accepted for regulators, professional associations of insurance undertakings and distributors, consumer representatives and mass media, subject to availability.
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