Compensa leads the pack in trying to justify hike in car insurance premiums

"The prices are too low in comparison to foreign markets," said Franz Fuchs, president of the Compensa group. Other insurance companies are trying to calm the market down, but they do not hide the fact that the increases will take place sooner or later. "We are evolving towards the EU where the premiums are two or three times higher than in Poland. Insurers are not likely to make rapid and drastic increases," said Joanna Boczkowska from Generali TU. There is a growing number of insurance claims made on accidents abroad and thus insurers have to offset this cost. At the same time the necessity of increasing prices might be further fuelled by the large number of used cars imports. (Puls Biznesu, pp. 1, 4) M.M.