Like every year, the rates charged by insurance companies should be revised upwards. Within companies, this item of expenditure will therefore potentially increase in 2022. Good news all the same: inflation should be measured this year. Explanations.
Auto and home insurance: a possible lull in 2022
Everyone is used to it today: every year, you have to prepare for the increase in the cost of insurance. However, according to the consulting firm Facts & Figures, a potential lull is to be expected in 2022, at least for automotive contracts. In effect, the increase should be contained between +0.5% and +1%. Experts contacted by MoneyVox predict an increase of between +0.5% and +2% in 2022. This low content is the consequence of the health crisis and travel restrictions. In this context, the number of road accidents has significantly reduced in 2020 and 2021. Same pattern for home insurance, for which the increase should be moderate (between +1% and +1.5% d ‘after the assumptions of Facts & Figures).
Insurance: towards a sharp price increase from 2023?
The other side of the coin lies in the forecasts for next year. 2023 could indeed be synonymous withtariff explosion throughout the sectorr. Difficult to give precise figures at this stage, but the experts evoke a “significant” increase (+2% to +3% according to Facts & Figures). Blame it on electric cars and other new generation vehicles which are more expensive in terms of repair on the car protection side. For home insurance, the impact of climate change will gradually begin to be felt. It should be noted that the cost of claims (floods, fires, drought, etc.) could be multiplied by 5 to 6 in certain French departments within 30 years. Not something to rejoice for very long for companies, which will have to anticipate this potentially greater expense item.
Insurance prices: what about mutuals?
As for complementary health insurance for employees and managers, prices are currently increasing. The pressure of the 100% Health reform, in particular dental care, and the two years marked by the Covid-19 health crisis are, it seems, in question according to insurance organizations and provident institutions. Alongside this, many health supplements mention catch-up post-Covid care, as well as increased use of physiotherapy and osteopathy consultations. The insurers further explain that they had to pay the Covid tax to offset the expenses incurred in the fight against the pandemic. “When you combine these main factors, it is difficult for insurers, mutuals and provident institutions not to increase contributions”, explains Abdellah Nasri, CEO of Partner Assurances. In business, one way may be to compete from one year to the next to dispense with annual raises.
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