Some regions of Russia are so unprofitable for Russian car insurers that they by all possible means refuse to sell insurance policies (or sell only with various additional services).
The Russian Union of Auto Insurers (RSA) analyzed a number of parameters, including:
- How frequent are insured events
- how much, on average, paid money in Russia;
- what is the ratio of judicial and “ordinary” payments;
- whether there were more contracts;
- ratio of overhead costs in court to the amount demanded by the car owner;
- level of payments in a certain region for January-September of this year
and amounted to the top 20 most problematic regions for mandatory car insurance in 2017. In red, the list indicates the subjects of the Russian Federation that are negative in terms of fraud and loss-making by insurers. Compared with 2016, the Primorsky Territory moved from the yellow (“risky, but tolerant”) area of the list to the red. Previously, it was in its fortieth place, and in the current list of “toxic” regions under OSAGO 2017 it took the fifteenth line. It’s not good from the point of view of losses for representatives of the SAR in the Lipetsk and Orenburg regions.
Reading the complaints of OSAGO insurance companies, the question involuntarily arises: are there any regions where they have become better, and not worse, in 2017? It turns out there is. This is the Krasnodar Territory, Tatarstan and the Chelyabinsk region.
Here is a complete list of the most unprofitable in compulsory motor third-party liability insurance and quite prosperous for motor insurers of the constituent entities of the Russian Federation.
At RSA they really do not like car lawyers who buy back car owners' rights to claim the company in which the car is insured. Insurers dubbed such people fraudsters.
According to the head of the RSA, Igor Yurgens, the “fraudulent actions” of auto lawyers lead to the fact that they receive much larger amounts than the insurer should have paid to its client.
But many motorists have a much better attitude towards car lawyers than PCA. They believe that insurance companies underestimate the amount of payments under compulsory motor third-party liability insurance, and only with the help of competent specialists can justice be obtained in court.
According to the RSA, the average CTP payment in Russia is 79.5 thousand rubles, but car owners from 14 Russian regions were more fortunate, as the average payment amount exceeded one hundred thousand rubles.
The efforts of lawmakers did not help reduce the level of fraud in the field of liability insurance. This year, the frequency of insured events increased by 0.4%, the average payment rose by 15%, and the ratio of judicial and non-judicial payments increased to 14.1% (this is 0.3% higher than a year ago).
