African Journal of
Business Management

  • Abbreviation: Afr. J. Bus. Manage.
  • Language: English
  • ISSN: 1993-8233
  • DOI: 10.5897/AJBM
  • Start Year: 2007
  • Published Articles: 4036

Article in Press

Motor TPL insurance: The case of Italy

Luca Rossi

  •  Received: 01 September 2018
  •  Accepted: 08 October 2018
This study analyzes the social impact of motor TPL insurance, focusing on direct costs. In particular, it presents the variables in motor TPL insurance and through a multiple regression model shows how they contribute to the average premium insurance. The analyses aim to: i) confirm the increase of the average premium insurance when moving from Northern to Southern Italy; ii) identify the main variables related to motor TPL insurance; iii) highlight a positive relationship between motor TPL insurance average premium and car thefts. These findings confirm that lower cost of motor TPL insurance is necessary to define, in Italy, a policy that combats the phenomenon of car thefts and insurance fraud, to issue suitable guidelines for insurance companies and introduce mandatory regulations forcing companies to effectuate product reformulation.

Keywords: Motor TPL insurance; Social Costs; Bonus/malus; Multiple regression model