SPRING IS IN THE AIR FOR TRANSPORT
The reduction in tort liability tariffs recorded by insurance companies from September 2012 to March 2013 is due mainly to less traffic and therefore fewer accidents. A positive mix in terms of victims and damage to cars and motorcycles
THE TIMOCOM DATABASE for road transport demand in Europe during the first quarter of 2013 shows signs of a recovery: after a downturn in the first two months, the indicator has been pointing upwards since March. In the first quarter of this year, the trend was difficult in the first month: if in December the ratio of loads offered to vehicles offered was 48 to 52, in January loads fell to 36, a 12% loss. According to TimoCom, this dramatic drop was due also to the extremely cold weather, especially in northern Europe, which had a negative effect on transport.
In February the situation deteriorated further, again due to heavy snowfalls that slowed down, or even blocked, the circulation of heavy vehicles in many European countries, with the offer of loads down to 29%. In March the situation improved and the average for the first quarter rose to 35 to 65, a lower figure than the same period of 2012, when the ratio was 44 to 56.
Marcel Frings, chief representative of TimoCom, is optimistic about the months to come: “Looking at the trend of recent years, I expect a gradual increase in goods in the coming weeks at least. At the moment, the transport barometer shows loads at 39%. Compared to 2012, the year began well from the point of view of loads, but there was a bigger downturn than in 2011. I believe that the spring and rising temperatures will have a positive effect also on the transport sector, with a repetition of the trend we have been accustomed to seeing in recent years”.
With regard to the cost of insurance, this time we can be grateful to the economic crisis. The reduction in tort liability tariffs recorded by insurance companies from September 2012 to March 2013 is due mainly to less traffic and therefore fewer accidents. A positive mix in terms of victims and damage to cars and motorcycles, which reduced, albeit by a small amount, the burden on family budgets.
According to Ania, the association that represents companies in the insurance sector, over the past six months the average cost of insurance has fallen by 4.5% from €445 to €425 – excluding taxes – and from €560 to €535, taxes included. €25 less per vehicle per year, which translate into savings of about €1 billion in twelve months.
Ania also said that “the results of the analysis confirm and clarify a trend that had already been observed from ISTAT data. Specifically, between September 2012 and March 2013, the data from the statistics institute show a reduction in list prices of about 1%”. For Ania, the difference between the survey results is due to more list price reductions being applied by insurance companies, which were made possible by the improved economic trend in the tort liability segment.