IDEAS home Printed from https://ideas.repec.org/a/mul/j1t56u/doi10.2382-80878y2014i2p161-178.html
   My bibliography  Save this article

Italian Motor Third Party Liability Insurance: The Reasons for Its Peculiarity

Author

Listed:
  • Alessandro Santoliquido

Abstract

This paper analyses the reasons of the differences in the prices of the Italian Motor Third Party Liability (MTPL) insurance with other European countries. It identifies the main reason of the high price level in the evolution of the criteria used by the Judicial system in Italy to quantify the level of compensation due to claimant in case of body injuries. The Italian Courts have not properly taken into account neither the foreign practice nor the direct relationship existing between the level of the compensations and the level of prices. The Judicial system has substituted the political system in defining the level of compensation and by this the amount of resources that the country can devote to MTPL insurance. The paper also describes other reasons for the high level of prices in Italy, focusing mainly on the legislation that is not particularly suited for contrasting insurance frauds. In the final part, the author proposes a set of actions that could reduce the level of MTPL prices in Italy, narrowing the gap with other European countries.

Suggested Citation

  • Alessandro Santoliquido, 2014. "Italian Motor Third Party Liability Insurance: The Reasons for Its Peculiarity," Economia dei Servizi, Società editrice il Mulino, issue 2, pages 161-178.
    • Handle: RePEc:mul:j1t56u:doi:10.2382/80878:y:2014:i:2:p:161-178
    as

    Download full text from publisher

    File URL: https://www.rivisteweb.it/download/article/10.2382/80878
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.rivisteweb.it/doi/10.2382/80878
    Download Restriction: no
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mul:j1t56u:doi:10.2382/80878:y:2014:i:2:p:161-178. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://www.rivisteweb.it/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.