The report on the situation of serious bodily injury

 

The report on the situation of serious bodily injury

Clearly there is a drift in France for thirty years on the compensation of art serious bodily suffering a hyper uncontrolled inflation (see analysis across a s ituation of the reinsurance Appendix 1) with a current level compensation well above the European average . This drift is not really in favor of victims who only receive part of the funds and sometimes in a less favorable context of aid. If reinsurers consider that it is not for them to pass judgment on the amounts of compensation observed , they wish to participate in the reflection on the evolution of the current system.

 

The legal basis for 'full compensation' for bodily injury is problematic and it is unrealistic to continue to make victims believe that it is the function of insurance to fully assume it . This concept can partly explain the drift ( indefinite and unlimited search for always more, maximum compensation and not the best for the victim), it is undoubtedly necessary to go further in defining the objectives of compensation.

 

The current situation means that compensation is constantly becoming more complex and becoming practically unmanageable for all those involved in the treatment chain for bodily injury (victims, doctors, lawyers , judges , adjusters, etc.) . I the appropriate in this context to develop the professionalism of all the s stakeholders and effective and relevant economic monitoring .

 

In general, market practices remain very heterogeneous (compensation, monitoring, transaction, annuity or capital, reserves, etc.) . This will be difficult to change in the absence of signed ux strong s (professional file repository , collective actions, best practices ...) .    

 

The rise retention levels combined with a sharp increase in compensation creates nt concerns for art research insurance companies a protection reinsurance. One can only wonder about the long- term economic situation of insurance companies, which will increasingly have to cope in several branches with an increase in compensation , without forgetting the contagion effects, and capital needs. Solvency strengthened in the frame 2. the situation of serious bodily and ongoing cost increases risk nt as to cause difficulties to the companies averages with a specialization and a critical mass sufficient .