The leader of the CTP market reduces the prices

20 November 2018

"RESO-Guarantee" lowers rates

Alexander Sharonov, photo tengrinews.kz

for six months the whole market is in anticipation of the new prices for insurance. Announced back in the spring of reform was to increase the cost of policies in the summer, but winter is on the nose, and not even presented the final version of the changes. Meanwhile, on Tuesday, received a pleasant and very unexpected news: the largest insurer "RESO-Guarantee" reduces prices by 4-8 %.

But the joy is not all: at the data "Kommersant", the decrease in prices will affect only 21 cities in prosperous regions. Moscow, Bryansk, Irkutsk, Izhevsk, Kazan, Kirov, Kemerovo, Krasnoyarsk, Nizhny Novgorod, Omsk, Perm, Rostov-on-don, Samara, Saratov, Surgut, Tula, Tyumen, Ulyanovsk, Ufa, Khabarovsk and Yaroslavl.

For the most part these cities (14) are the capitals of the so-called "green" regions, according to the Russian Union of motor insurers (RAMI). Also on the list are four of the capital "yellow" regions ‒ Ufa, Khabarovsk, Kemerovo and Nizhny Novgorod, as well as three capitals of the "red" regions ‒ Rostov-on-don, Yaroslavl and Krasnoyarsk.

According to the Deputy head of the "RESO-Guarantees" Igor Ivanov, the decrease in prices has occurred under the current tariff corridor. The decrease in the cost of policies was made possible due to the high regional indexes. So, for Moscow includes a multiplier 2, that allows insurers to make good money.

For the first nine months of 2018 "RESO-Guarantee" shifted "Rosgosstrakh" the position of leader. At "RESO-Guarantee" accounted for 25.8 billion rubles of insurance premiums (15.4% of the market), thus "Rosgosstrakh" with its 14.2 billion has slipped from the fourth place.

Representatives of "AlfaStrakhovanie" (second place in the CTP market with a share of 15.3 %) and "Rosgosstrakh" has declared that in the foreseeable future, the reduction of tariffs is not planned.

According to the latest estimates of the Central Bank, the result is the nearest of the reform of the insurance, the dates of which are constantly shifting, the average policy price will rise by no more than 1.5 %.