street victims and cross-border claims settlement cooperation

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Street victims and cross-border claims settlement cooperation

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Street victims and cross-border claims settlement cooperation. Possible situations for third injured parties with residence in Romania. Acc idents i n Rom a nia. Acc idents i n Bulgaria. Acc idents i n Turkey. Sorin Greceanu - FPVS – IIF Conference - Istanbul 2014. - PowerPoint PPT Presentation

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Page 1: Street victims and  cross-border claims settlement cooperation

Street victims and cross-border claims

settlement cooperation

Page 2: Street victims and  cross-border claims settlement cooperation

Possible situations for third injured parties with residence in Romania

Accidents in Romania

Accidents in Bulgaria

Accidents in Turkey

Sorin Greceanu - FPVS – IIF Conference - Istanbul 2014

Page 3: Street victims and  cross-border claims settlement cooperation

Possible situations for third parties residing in

Romania

Hypotheses Acc. in România

Liable vehicle registered in Romania

INSURED

UNINSURED

Liable vehicle registered in BulgariaINSURED

UNINSURED

Unregistered / Unknown UNINSURED

Liable vehicle registered in Turkey

INSURED

UNINSURED

Sorin Greceanu - FPVS – IIF Conference - Istanbul 2014

Page 4: Street victims and  cross-border claims settlement cooperation

Possible situations for third parties residing in

Romania

Hypotheses Acc. in Romania

Liable vehicle registered in Romania

INSURED

UNINSURED

Liable vehicle registered in BulgariaINSURED

UNINSURED

Unregistered / Unknown UNINSURED

Liable vehicle registered in Turkey

INSURED

UNINSURED

Sorin Greceanu - FPVS – IIF Conference - Istanbul 2014

Page 5: Street victims and  cross-border claims settlement cooperation

Accident in România – third party and liable party are Romanians

Example

InsuredRomanian MTPL Insurer

Uninsured?

FPVS – Guarantee Fund

Page 6: Street victims and  cross-border claims settlement cooperation

Possible situations for third parties residing in

Romania

Hypotheses Acc. in Romania

Liable vehicle registered in Romania

INSURED

UNINSURED

Liable vehicle registered in BulgariaINSURED

UNINSURED

Unregistered / Unknown UNINSURED

Liable vehicle registered in Turkey

INSURED

UNINSURED

Sorin Greceanu - FPVS – IIF Conference - Istanbul 2014

Page 7: Street victims and  cross-border claims settlement cooperation

Accident in Romania – Romanian TP, Bulgarian liable party

Green card correspondent in Ro. of the Bulgarian mtpl insurer

Romanian GC Bureau

Uninsured – normally based in Bulgaria

insured

Bulgarian insurer

Bulgarian GC Bureau

Page 8: Street victims and  cross-border claims settlement cooperation

Possible situations for third parties residing in

Romania

Hypotheses Acc. in Romania

Liable vehicle registered in Romania

INSURED

UNINSURED

Liable vehicle registered in BulgariaINSURED

UNINSURED

Unregistered / Unknown UNINSURED

Liable vehicle registered in Turkey

INSURED

UNINSURED

Sorin Greceanu - FPVS – IIF Conference - Istanbul 2014

Page 9: Street victims and  cross-border claims settlement cooperation

Accident in Romania – Romanian TP, Turkish liable party

Green Card correspondent

Romanian Guarantee Fund - FPVS

Uninsured

Turkish Green Card

Turkish mtpl/gc insurer

Page 10: Street victims and  cross-border claims settlement cooperation

Possible situations for third parties residing in

Romania

Hypotheses Acc. in Romania

Liable vehicle registered in Romania

INSURED

UNINSURED

Liable vehicle registered in BulgariaINSURED

UNINSURED

Unregistered / Unknown UNINSURED

Liable vehicle registered in Turkey

INSURED

UNINSURED

Sorin Greceanu - FPVS – IIF Conference - Istanbul 2014

Page 11: Street victims and  cross-border claims settlement cooperation

Accident in Romania – Romanian TP

Unregistered vehicle

Unidentified vehicle

Romanian Guarantee Fund - FPVS

*

Page 12: Street victims and  cross-border claims settlement cooperation

Possible situations for third parties residing in

Romania

Hypotheses Acc. in Bulgaria

Liable vehicle registered in Romania

INSURED

UNINSURED

Liable vehicle registered in BulgariaINSURED

UNINSURED

Unregistered / Unidenfied UNINSURED

Liable vehicle registered in Turkey

INSURED

UNINSURED

Sorin Greceanu - FPVS – IIF Conference - Istanbul 2014

Page 13: Street victims and  cross-border claims settlement cooperation

Possible situations for third parties residing in

Romania

Hypotheses Acc. in Bulgaria

Liable vehicle registered in Romania

INSURED

UNINSURED

Liable vehicle registered in BulgariaINSURED

UNINSURED

Unregistered / Unidenfied UNINSURED

Liable vehicle registered in Turkey

INSURED

UNINSURED

Sorin Greceanu - FPVS – IIF Conference - Istanbul 2014

Page 14: Street victims and  cross-border claims settlement cooperation

Accident in Bulgaria – third party and liable party are Romanians

Insured

Romanian MTPL Insurer or It`s Bulgarian correspondent

Uninsured ?

Romanian Guarantee Fund

Bulgarian Green card Bureau – as handling Bureau ?

Page 15: Street victims and  cross-border claims settlement cooperation

Possible situations for third parties residing in

Romania

Hypotheses Acc. in Bulgaria

Liable vehicle registered in Romania

INSURED

UNINSURED

Liable vehicle registered in BulgariaINSURED

UNINSURED

Unregistered / Unknown UNINSURED

Liable vehicle registered in Turkey

INSURED

UNINSURED

Sorin Greceanu - FPVS – IIF Conference - Istanbul 2014

Page 16: Street victims and  cross-border claims settlement cooperation

Accident in Bulgaria – Romanian TP, Bulgarian liable party

Claims representative from RO

Romanian compensation body – FPVS, or directly, to the Bulgarian Guarantee Fund

Uninsured

Insured

Bulgarian MTPL Insurer

Page 17: Street victims and  cross-border claims settlement cooperation

In case of a dispute regarding the validity of the insurance policy, which one, the Insurer or the Guarantee Fund, is responsible in first instance, to settle the claim?

Sorin Greceanu - FPVS – IIF Conference - Istanbul 2014

Page 18: Street victims and  cross-border claims settlement cooperation

Accident in Bulgaria – Romanian TP, German vehicle is liable

Claims rep. of German mtpl ins in Ro

Romanian Compensation Body orGerman Guarantee Fund or

Uninsured – and nb in Germany

Insured

Green card correspondent of German mtpl ins in Bg

Bulgarian Green Card Bureau as HB

German MTPL insurer

Page 19: Street victims and  cross-border claims settlement cooperation

Possible situations for third parties residing in

Romania

Hypotheses Acc. in Bulgaria

Liable vehicle registered in Romania

INSURED

UNINSURED

Liable vehicle registered in BulgariaINSURED

UNINSURED

Unregistered / Unknown UNINSURED

Liable vehicle registered in Turkey

INSURED

UNINSURED

Sorin Greceanu - FPVS – IIF Conference - Istanbul 2014

Page 20: Street victims and  cross-border claims settlement cooperation

Accident in Bulgaria – Romanian TP, Tukish liable party

Romanian Compensation Body Bulgarian Guarantee Fund

Uninsured

Insured

Green Card correspondent of the Turkish mtpl insurer in Bulgaria

Page 21: Street victims and  cross-border claims settlement cooperation

Possible situations for third parties residing in

Romania

Hypotheses Acc. in Bulgaria

Liable vehicle registered in Romania

INSURED

UNINSURED

Liable vehicle registered in BulgariaINSURED

UNINSURED

Unregistered / Unknown UNINSURED

Liable vehicle registered in Turkey

INSURED

UNINSURED

Sorin Greceanu - FPVS – IIF Conference - Istanbul 2014

Page 22: Street victims and  cross-border claims settlement cooperation

Accident in Bulgaria – Romanian injured TP

Unregistered vehicle

Unidentified vehicle

Bulgarian Guarantee Fund – final debtor

Romanian Compensation Body – as handling body

Page 23: Street victims and  cross-border claims settlement cooperation

Possible situations for third parties residing in

Romania

Hypotheses Acc. in Turkey

Liable vehicle registered in Romania

INSURED

UNINSURED

Liable vehicle registered in BulgariaINSURED

UNINSURED

Unregistered / Unidenfied UNINSURED

Liable vehicle registered in Turkey

INSURED

UNINSURED

Sorin Greceanu - FPVS – IIF Conference - Istanbul 2014

Page 24: Street victims and  cross-border claims settlement cooperation

Possible situations for third parties residing in

Romania

Hypotheses Acc. in Turkey

Liable vehicle registered in Romania

INSURED

UNINSURED

Liable vehicle registered in BulgariaINSURED

UNINSURED

Unregistered / Unidenfied UNINSURED

Liable vehicle registered in Turkey

INSURED

UNINSURED

Sorin Greceanu - FPVS – IIF Conference - Istanbul 2014

Page 25: Street victims and  cross-border claims settlement cooperation

Accident in Turkey– third party and liable party are Romanians

Insured

Romanian MTPL Insurer or it`s Turkish Green Card Correspondent

Uninsured

Romanian Guarantee Fund

Page 26: Street victims and  cross-border claims settlement cooperation

Possible situations for third parties residing in

Romania

Hypotheses Acc. in Turkey

Liable vehicle registered in Romania

INSURED

UNINSURED

Liable vehicle registered in BulgariaINSURED

UNINSURED

Unregistered / Unknown UNINSURED

Liable vehicle registered in Turkey

INSURED

UNINSURED

Sorin Greceanu - FPVS – IIF Conference - Istanbul 2014

Page 27: Street victims and  cross-border claims settlement cooperation

Accident in Turkey – Romanian TP, Bulgarian liable party

Romanian Claims representative

Romanian compensation body – FPVS, or directly, to the Bulgarian Guarantee Fund

Uninsured

Insured

Bulgarian MTPL Insurer

Turkish Green Card correspondent

Page 28: Street victims and  cross-border claims settlement cooperation

Possible situations for third parties residing in

Romania

Hypotheses Acc. in Turkey

Liable vehicle registered in Romania

INSURED

UNINSURED

Liable vehicle registered in BulgariaINSURED

UNINSURED

Unregistered / Unknown UNINSURED

Liable vehicle registered in Turkey

INSURED

UNINSURED

Sorin Greceanu - FPVS – IIF Conference - Istanbul 2014

Page 29: Street victims and  cross-border claims settlement cooperation

Accident in Turkey – Romanian TP, Tukish liable party

Uninsured

Insured

Turkish MTPL Insurer

No protection

Page 30: Street victims and  cross-border claims settlement cooperation

Accident in Turkey – Romanian TP, Ukranian liable party

No protection

Uninsured

Insured

Turkish Green Card correspondent

Page 31: Street victims and  cross-border claims settlement cooperation

Possible situations for third parties residing in

Romania

Hypotheses Acc. in Turkey

Liable vehicle registered in Romania

INSURED

UNINSURED

Liable vehicle registered in BulgariaINSURED

UNINSURED

Unregistered / Unknown UNINSURED

Liable vehicle registered in Turkey

INSURED

UNINSURED

Sorin Greceanu - FPVS – IIF Conference - Istanbul 2014

Page 32: Street victims and  cross-border claims settlement cooperation

Accident in Turkey – Romanian TP

Unregistered vehicle

Unidentified vehicle

No protection

Page 33: Street victims and  cross-border claims settlement cooperation

Thank you for your attention

Sorin Greceanu - FPVS – IIF Conference - Istanbul 2014