Due to lower OCTA guarantee fund, policy prices will not increase, according to KP



[ad_1]

The Competition Council (KP) has taken note of the statement by the representative of the Latvian Motor Insurance Bureau (LTAB) Jura Stengrevics regarding the reduction of the compulsory liability insurance or the MTPL Guarantee Fund. CP does not consider that, for this reason, the price of an RTA should increase in the future.

In a statement to the media, KP states that the situation regarding the contributions to the Guarantee Fund was already known to OCTA service providers, and that the KP does not therefore consider it to be a sufficient reason to raise prices.

The Fund's service provider is empowered to provide the public with additional information about the guarantee fund, including up-to-date information on the MTDS market.

The KP points out that a particular representative of the LTAB believes that a large portion of the insurers may have already charged Therefore, the KP points out that the representative of the group of traders, in this case l & rsquo; One of the key leaders of the LTAB, must "carefully consider any information or opinion that he publishes". especially when it "contains in any direction"

Indications of price forecasts or possible price increases for part of the market may also signal unjustified price increases for d & # 39; Other market participants who had not previously planned to increase their prices or which had already been valued

Similarly, such statements may contain unjustified and possibly misleading information, says KP [19659003] The CP reminds several times that pricing is an individual decision of each trader taken in a context of fair competition taking into account the internal price of the company.It has already been said that the guarantee of mandatory liability of vehicle owners ( OCTA ) was extinguishing rapidly, so that the price rise of the OCTA policy is expected on Wednesday in an interview [194590] 05] Latvijas Radio was accepted by Juris Stengrevics, member of the Board of Directors of the Latvian Motor Insurers Bureau (LTAB).

1997. In Latvia, the MTPL system was set up in Latvia to protect the interests of third parties injured in a road accident in Latvia and in the Member States of the Green Card System

LTAB was created to improve the functioning of the system . Balta, Baltic Insurance House, BTA Baltic Insurance Company, Latvia Compensa Vienna Insurance Group, Latvian Branch of ERGO Insurance, Gjensidige Latvia Branch, Si P & C Insurance Latvia Branch, Seesam Assurances "Latvijas filial and Swedbank P & C Insurance in Latvia.

[ad_2]
Source link