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Key terms
• Protection
• Trust
• Uninsured driving
• Monitoring
• Financial Guarantee Criteria
• Fraud
Council of Bureaux
• Non political organization
• Technical aspects only
• Since 1 January 1953
• Facilitator of international road traffic and victim’s protection
Some statistics
• Population of Europe 750 million
• No of vehilcles 350 million
• EU yearly died 50.000
• EU yearly injured 150.000
Mutual trust
• Basis of the GC System
• Pay – Cry – Dispute
• Close cooperation
• Stress on insurers
• Consequence – on all market
Competence of the Bureau
Handling Bureau:
• Claims settlement in the country where
accident happened
• According to legal system of that
country
• Independent of position of the guaranteeing Bureau
Guaranting Bureau:
• Reimbursement of outlays
• Guarantee function
Financial aspects
• Sufficient financing
• Difference of the economiclevel in individual regions
• Law of the country of accident determines minimum amounts insured and compensation
Financial aspectsSelby Train Crash (UK) Damage: about 50 million Euro /
10 persons killedHerborn (D): Damage: about 8 million Euro
Mont-Blanc Tunnel (FR) Damage: about 464 million Euro /
39 persons killed
Gotthard-Tunnel (CH) Damage: about 14 million Euro /
11 persons killed
Mutual trust
• Basis of the GC System
• Pay – Cry – Dispute
• Close cooperation
• Stress on insurers
• Consequence – on all market
Forms of Monitoring
► monitoring► preparing of the Financial Criteria► checking of the financial standing ► assistance► dealing with complains► reporting to the Man Com
Financial Guarantees Criteria
• Why we need it?
• Applicability of the Criteria
• Period of validity
Financial Guarantees Criteria
• For CoB members only
• Type of financial guarantees
• Standard of the security
• Bank guarantee
• Reisurance program
Sanctions
► obligatory monitoring
► financial guarantees
► financial penalties
► temporary suspention
► termination of membership
Are we all protected?
• We all?
• At the same level?
• Are we statisfied with existing level of the protection?
Aims for the future
• Equal rights for the road users
• Real guaranties for victims
• One aim different methods
• Any common solution?