In the speech he will deliver in the Forum's opening, ZENNERS will address the current issues in the cross border motor insurance field. In a recent interview for XPRIMM, The CoB's official said:"The first major challenge for the system is financial stability, which is the main topic we have to care about. We cannot assure the good and smooth handling of international claims if the financial stability of the Green Card System is not assured. That's why I and my colleagues in Brussels place a lot of importance on the financial stability of the system as a whole and of each and every of its members. This is a topic for this year, will be for the next one and it's not a secret that it will remain for the years to come."
In addition, he mentioned the efforts put by CoB in harmonizing the EU system governed by the 4th Motor Insurance Directive with the extra-EU rules and procedures, so that the two systems may work together more efficiently. "At the moment, we have to sometimes do a lot of work twice. Therefore, we are trying to find the best solutions to provide the highest degree of efficiency and accuracy for both pillars."
Reaching already its 6th edition, the "Motor insurance - the road towards profitability" conference organized within the IIF framework reunites professionals of the motor insurance markets from more than 20 countries of the CEE and CIS regions, as well as from Turkey and the Western Europe.
In a highly competitive environment hindering the market's effort to put an end to the price wars, the conference will point out that GWP growth is good, but not enough to ensure a positive financial result of the MTPL segment. Top speakers will address the costs optimizing and quality of services issues, while a large section of the event will be dedicated to the new technologies which are already playing an important role in motor insurance underwriting, marketing and distribution.
For more details and registration, please visit the event's website.