Is the minimum amount of coverage from motor third party liability insurance enough to cover personal injuries? Online publication date: Sat, 30-Jan-2016
by Anna Jedrzychowska; Ewa Poprawska
International Journal of Risk Assessment and Management (IJRAM), Vol. 19, No. 1/2, 2016
Abstract: MTPL insurance is the most common insurance in Europe; in most countries, it is compulsory insurance which enables the functioning of the following systems, among others: the green card and the multilateral agreement. For this insurance, insurers guarantee insurance protection up to the guaranteed amount. In view of the universality of these products, basing these products on the international protection system for aggrieved parties in motor vehicle accidents, increases in the payment of damages for personal injuries, as well as differences in the earnings which are supposed to be compensated in various countries, a question arises as to whether the amount of the minimum guaranteed sum is sufficient. This article, which contains simulations of life annuities based on income levels and citizens' life expectancies that are relevant for EU countries, is devoted to examining the aforementioned issue.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Risk Assessment and Management (IJRAM):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook