Further changes insurance: motorists will be allowed to choose the replacement of the insurer

7 December 2018

The new system will start to operate in April 2019

a few days ago was finally utworzony the amendments to the law on insurance, as now we are talking about the new metamorphoses. Now we discuss the reform of the so-called "single agent" sales of insurance policies. It is expected that from April 2, 2019, the owners will be able to choose the replacement of the insurer.

the system of "single agent" is functioning from 2016. This kind of "crutch", designed to somehow help in a situation where the insurance companies refuse to sell policies in unprofitable regions. Using this mechanism they can sell policies from other companies, which are not present in these regions and representing them. This system allows you to redistribute the losses among all members of the PCA (Russian Union of insurers).

in 2017, a similar system also works when buying electronic insurance policies. Mechanism "e-Garant" directed the motorist to a website of another company, if we issue the policy the selected insurer fails.

While such a redistribution is carried out in a blind mode: the system automatically chooses a replacement company, so the car owner no choice. Clients are distributed between the companies at random on your passport vehicle (TCP).

soon, the RSA is going to give the clients a choice: they can appoint a replacement insurer. The Central Bank believes that the reform will protect the rights of insurance consumers.

the insurance company will be able to sell a limited number of policies. The total amount of insurance will be determined based on the needs of motorists. In this way, customers will be allocated between the insurers in proportion to their share in the market. If the "quota" of a company will end, it will disappear from the system. This sophisticated mechanism has to be restarted every day.

said the Executive Director of the PCA Evgenie Ufimtsev, now every day for the guarantee system sold about 6 000 of insurance. The CEO of SK "MAX" Nadezhda Martyanov noted that gradually the demand for such policies is gradually reduced. So, in November 2018, the share of insurance policies sold through the system of "single agent" amounted to 1.9 %, and through "e-Garant" — 2,4 %.

it is Assumed that distribution system customers in the "single agent" will allow fair sharing of losses (and we are still talking about "toxic" regions) and clients between the companies.