The impact of the new bonus-malus car insurance scheme, which began to be implemented last year, has begun to be felt by all market actors, citizens and insurance companies.
Under the new scheme, the insurance price would be determined based on 7 risk factors: accident history, engine power, driver age, driving experience, vehicle age and registration district, and whether the vehicle is owned by an individual or a business. All accidents caused by drivers before 2025 will not be taken into account in calculating the premium, but only accidents caused from 2025 onwards.
The latest data from the Financial Supervisory Authority (AMF) shows that despite the fact that premiums for compulsory domestic MTPL car insurance have increased by 7%, the average premium has decreased by 2.5%. According to the AMF, this decrease is estimated to be mainly the result of the start of the implementation of the “Claims History” risk factor.
The drop in the average premium means that the bonus-malus of the new car insurance scheme has begun to appear, "good" drivers, i.e. those who have not caused accidents in 2025, are being "rewarded" by paying less, while "bad" drivers, i.e. those who have caused accidents during the past year, are being "punished" by paying more.
Compulsory insurance continues to account for over half of the total premiums of insurance companies, while liability classes and those related to the maritime sector contributed to the growth of voluntary insurance.
On the other hand, life insurance premiums also increased by 6%, mainly thanks to the debtor's life insurance product, when a condition is imposed by the bank that the borrower insures his life.
Regarding damage payments, the Financial Supervisory Authority (AMF) emphasizes that insurance companies have mainly paid for damage caused by fire, natural forces and other property damage.
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