Insurance companies are to pay less for insurance

6 August 2018

The average payout decreased by 16 %

Insurance companies every year complain that the CTP market for them is unprofitable. However, fresh statistics of the Russian Union of motor insurers (RAMI) once again talking about reducing payments to motorists. So, in 2018 the average size of transfers for the damage fell by 16 %. Information shared "Kommersant".

The policy of obligatory third party liability insurance owners of affected vehicles received an average of 64 500 rubles for each insured event. If to speak about the amount of payments on claims, it has fallen from 31 % (to 68.1 billion rubles) compared to the same period of 2017.

All of this suggests that insurance companies have to pay not only less, but less.

The President of RSA Igor Yurgens said, one of the key reasons for the decline payout is transition to practice pre-emptive natural indemnity insurance. Also among the positive trends, he noted a decrease in the number of accidents and insurance claims.

a "Thus, if to summarize all the trends, drivers have less to get in an accident, began to go more carefully and more actively began to use natural compensation where it is not possible to do "cheat" the size of payments from the criminal intermediaries" — said Mr Yurgens.

However, reform of the CTP is not far off. Previously it was assumed that the new tariffs of compulsory insurance will become effective in the last day of summer (31 August), but a couple of weeks ago was announced about the transfer at the beginning of autumn. The reason was very simple: the Central Bank has not time to register in the Ministry of justice regulation which describes the new rate insurance.

It is expected that the tariff will widen the corridor in both directions: instead of the current fork 3432-4118 rubles will be set 2746-4942 rubles. The insurance company will have greater flexibility in costing, reducing the cost of the policy in the revenue regions and increasing in "toxic". The Deputy Chairman of the Central Bank Vladimir chistyukhin said the national average price will rise from 5.8 thousand to 7 thousand.