Automobile fleet insurance 2022, still on the rise

Regarding the insurance of car fleets in 2022, Verspieren underlines it from the outset: “There is no great variation in terms of the capacity of insurers. In fact, the number of vehicles in the fleets remains estimated the same from one year to the next. As a reminder, in 2019, the reference year before the health crisis, fleet insurance covered 4,374,000 vehicles, compared to 43 million vehicles covered by single contracts, i.e. a total of 50,453,000 vehicles insured including weights. heavy and two-wheelers.

Insurance: shrinking supply

But for fleet insurance in 2022, the trend, observed for several years, remains a shrinking supply. “The players are increasingly selecting the risks and are definitely moving away from certain activities,” underlines the insurance broker. This is true for public passenger transport (TPV), public transport of goods (TPM) or short-term rental (LCD), sectors which are experiencing significant claims.

Verspieren also recalls that for several years, “insurers have revised downwards the levels of balance expected in terms of claims. The equilibrium S/P (claims/premiums ratio) is set at 60%, or even 45 to 50% for activities triggered at risk, in order to be able to provision for the occurrence of a high-intensity claim. Unattainable numbers! »

Costs of repairs and bodily injury

Added to this is the consideration by insurers of changes in repair costs. These increased by 6.7% between 2019 and 2020, with an increase of 8.1% for spare parts consumed, 3.2% for the average hourly cost of labor, and 4.8% for the cost of collision-repair paint ingredients.

But repair charges aren’t the only thing driving up insurance costs. “Indeed, it is not the only element that constitutes the automobile safety and repair index (SRA). It is the costs of civil liability (bodily) claims that have a greater impact,” points out Verspieren. For whom the news remains the upward trend in the Assistance by Third Party (ATP) position.

New mobility and fleet insurance in 2022

“There is, in fact, a big acceleration of inflation in recent years on all loss items and in particular on the ATP item. This alone represents 45% of the total compensation. Added to this is the risk of an increase in the frequency of bodily accidents linked to the upsurge in urban areas of cyclists and scooter users. The insurer notes indeed a growing place of these new modes of circulation, which imposes on the insurers to adapt. In this context, we are of course thinking of two-wheelers and EDPMs which are entering the fleets.

Another development that will increase in 2022: the use of self-insurance. “This orientation, already initiated two years ago, goes through stages of increasing deductibles, in particular due to the impact of non-recoverable insurance taxes and related management costs,” emphasizes Verspieren. Which highlights, for self-insurance, items such as glass breakage or theft of personal effects and objects.

Other avenues to follow, put forward by the courtier: Pay how you drive, but also, again and again, road risk prevention for drivers. With the key, for these prevention approaches, a reduction in premiums if the results are there.

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