Insurance rates in 2012

It talks about the difficult situation will live the insurance industry during this 2012 car. According to some industry executives, 2011 has been a year "troubled" that condition the economy is expected to recover only in the long term and that will lead to "very tough scenarios."

The ICEA insurance association say there should be no "illusions" about whether this crisis can affect lesser extent insurance companies car than other sectors. However, an argument for not becoming discouraged is that while premiums have declined in the past four years, the number of uninsured has grown.

Several companies were slight decreases in turnover of car insurance in 2011, and is considered to have a greater concentration of companies in the business through mergers and acquisitions.

As for the business prospects in 2012, senior executives of insurance predict fierce competition in the car insurance industry. There is also talk of a number of aspects that characterize 2012 as the sector's profitability, customers in search of cheaper car insurance, project-oriented business models for growth, heterogeneous players, the sector well capitalized and type of high interest.

And specifically in the car insurance business, there may be some opportunities, like the great knowledge of pricing or sectoral good tools, and also some risks, such as inflation risk by updating the scale or pricing based on auction.

Raw in April 2012
Although this price stabilization are strong fluctuations between insurers being the Third Basic category in which most evident: between 6% -7% up and down as companies analyzed. The data show that the average price in the category of Third Basic for April stays at 387 euros.Also in the Third Expanded mode preserves the average premium is 436 euros.

With excess is the category that has suffered a decline since early 2012.Without excess manifests a variation in the average prices of April up to 1081-1088 euros.

Prices in 2011The average annual change in insurance prices closed last year with a drop of 3.75% cumulative average in the four types of insurance.

All types experienced a decrease in premiums in 2011, reaching up to 5 percentage points of difference in the case of Third Expanded and with excess, which, with 5% each, are the categories that showed a steeper decline . I followed Third Core with a decrease of 3% and, finally, without excess, which is 2% experienced a smaller decline at year end.

Another interesting data is that January and February were those who offered, on average, the highest prices of the year. However, lower average prices were in August for Third Basic and without excess, and in September and Expanded Third Party with excess.