Third-Party Liability

Third-Party Liability

Third-party liability insurance turns around the concept of protection and, indeed, of responsibility: in this case, damage arises from the insured party's unintentional behaviour with respect to other persons, and policies thus aim to provide the financial protection to reimburse the claim that the insured party would not otherwise have.

In this context, the clearest and most widespread examples are third-party liability policies for drivers of vehicles (cars, motorcycles, etc.). In most countries this type of insurance is compulsory given the high social costs associated with the number and severity of accidents.

One of the most widespread models for calculating premiums is the bonus – malus algorithm, which tends to reward good driving performance and penalise poor performance based on an individual's claims history. Today, more advanced models for calculating rates take into account other variables, such as kilometres driven or driving style, thanks to telematic tools installed on vehicles.

Follow the stories on our social networks

Generali is one of the largest integrated insurance and asset management groups worldwide. Established in 1831, it is present in over 50 countries in the world, with a total premium income of € 95.2 billion and € 863 billion AUM in 2024. With around 87,000 employees serving 71 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. At the heart of Generali’s strategy is its Lifetime Partner commitment to customers, achieved through innovative and personalised solutions, best-in-class customer experience and its digitalised global distribution capabilities. The Group has fully embedded sustainability into all strategic choices, with the aim to create value for all stakeholders while building a fairer and more resilient society.