VNUK - Amendments voted to exclude motorsport from EU Motor Insurance Directive
25 Jan 2019
Amendments to proposed EU Motor Insurance Directive will exclude motorsport from new insurance law
MIA HQ, 24 JANUARY 2019 – On 22nd January 2019, the EU Parliament’s IMCO Committee voted to adopt amendments, supported by the Motorsport Industry Association (MIA), which will exclude motorsport from compulsory motor insurance as proposed in the new EU Motor Insurance Directive (MID).
This decision is just a first, but important, step in making sure motorsport can continue across the EU.
The proposed new MID required all EU Member States to make unlimited third-party liability insurance compulsory for all forms of motorised transport, in any location – including motorsport. The specialist insurance market for EU motorsport advised that no insurance meeting these compulsory demands would ever be available so participating in motorsport would be illegal.
Since 2016, the MIA, the global trade association for motorsport and high-performance engineering has led the fight to ensure this EU Directive excluded motorsport so protecting tens of thousands of jobs and motorsport businesses across the EU.
They motivated thousands of EU business leaders to take action and it seems the motorsport community has succeeded in having its voice heard, resulting in today’s positive IMCO vote result.
The revised text, as adopted by the EU Parliament IMCO Committee, means that:
- only vehicles used in traffic as a means of transport would need to be covered by Third Party Liability (TPL) insurance;
- ‘dual-use’ vehicles used both in-traffic and out-of-traffic (i.e. 90% of ‘motorsport’ vehicles) only need insurance cover for use ‘in traffic’, but not for motorsport activities;
- vehicles intended exclusively for motorsport, and vehicles used exclusively in a non-traffic situation, would be excluded from the scope of the MID.
These amendments will now be voted on by the full EU Parliament on 13th February 2019 following which they need to be approved by the EU’s Council of EU Ministers at a future date, yet to be set.
Chris Aylett, MIA’s CEO said: “This great news is welcome but just the first stage of our long battle to get motorsport out of the clutches of the EU’s VNUK-related insurance issue.
We are grateful to IMCO Committee members for their amendments; they demonstrate commitment to avoid destroying the valuable EU motorsport industry and the employment it creates. We hope these changes will be approved by both Parliament and the Council of Ministers and will continue to press our case with them.
The MIA must not rest – we’ve ‘got our car onto the grid’ but no race is won on the first lap, plenty of hard work lies ahead to bring home victory which will mean future security for EU motorsport”
Emilie Gessen - email@example.com
MIA VNUK Hot Desk: +44 (0) 2476 692 600
About the MIA
The Motorsport Industry Association (MIA), www.the-mia.com is the international trade association for the motorsport and high-performance engineering sectors. It represents the specialised needs of this highly successful industry which extends throughout the world and is rapidly expanding in developing nations.
The MIA membership displays a wide demographic spread, and includes motorsport and performance engineering companies, race and rally teams, governing bodies, motorsport service and research organisations, race circuits, universities and colleges.