Key Topics Mobility ecsolutions Mobility Services Insurance Brokerage and Procurement Industries Industry & Commerce

Hot fall is just around the corner

The economy is groaning under the weight of global inflation - and so is the car insurance industry. Nevertheless, the actual price increase is still uncertain in view of the strong competition.

In 2023, insurers have already incurred losses of around 2.5 billion euros. The reasons for this include the inflationary price increases for spare parts and higher labor costs in automotive workshops. In addition to the higher repair costs, the number of accidents increased after the restrictions on mobility during the coronavirus pandemic, and with that, the number of claims.

As early as 2023, motor vehicle insurance premiums rose by 2.3 percent. However, this was not enough for insurers to stay in the black. The reason for this still hesitant increase in premiums among motor vehicle insurers was the fear of losing market share.

Furthermore, there is still a strong price gap in motor insurance. Despite rising premiums, customers can save if they compare, if their claims history is very good. In this, deas reliably supports its customers. The insurance experts enter into early negotiations with large fleet partners and in this context use the market power of the entire Ecclesia Group in motor business. Customers can also take advantage of the expertise of RMSecur's motor risk managers. By using our motor vehicle ecosystem, our customers have exclusive options and savings potential, for example in fleet management (ecfleet), garage services (A.T.U) or glass damage (junited).

Tessa Rölert