The economic crisis unleashed by the coronavirus hits all sectors and companies insurance companies do not escape this reality: many motorists decide to opt for cheaper coverages or ask discounts to get through the crisis.
“Due to how the economic situation of the people is, we have been hit by insurance costs and cheaper coverage is chosen. A little because some use the vehicle less and others because people may have other needs in this crisis, “he said. Pablo castro, President of the Association Marplatense de Productores Asesores de Seguros (Ampas).
In dialogue with 0223, the representative of the chamber, said that in light of this situation, “the companies continue to carry out bonuses“, Although he clarified that”insurance costs did not increase, although the values of insured vehicles and assets did dramatically, which generates the impact ”, he reasoned.
“At other times in the market, there was an increase in coverage because the economic situation allowed it and there were many all-risk insurance contracts. Now it is the other way around and cheaper coverages are chosen and they have been lowered to the traditional `full third´ ”, he evaluated.
On the other hand, Castro, could not specify if the number of Mar del Plata residents who decided to withdraw from auto insurance increased, which at historical levels averaged 50% nationwide. “There are no statistics or detailed studies yet in Mar del Plata or the rest of the country in recent times,” he admitted.
Finally, he maintained that since the pandemic began, “no insurer in the city has had to close. Some have streamlined their care and we see that there is an account executive from Ayacucho that attends cases from Mar del Plata. But this did not affect the activity. There was no layoffs in the sector ”, he concluded.
