As due to problems in one insurance company we want to make to pay more for insurance policies
Why motorists should pay for the problems of a large insurance company?
Probably not the motorist in our country, who would not know about another upcoming increase in the cost of insurance policies, which is scheduled for late summer of this year. But has anyone ever thought about why the Central Bank decided to expand the scope of tariff corridor underlying insurance fees? After all, we understand that for most drivers insurance actually grow up. And if you think that the reason for yet another gift from the Bank is a loss-making insurance companies, it is not so.
In fact, according to the latest data of the Central Bank of the Russian Federation, no insurance losses within the framework of compulsory insurance of civil liability simply is not, and never did. Why? Now we will tell on the example of one company, the problems which led to the fact that the Central Bank of Russia in a strange way I went on about the insurers decided to increase the maximum ceiling of basic rates, but in the future do send insurance rates float freely.
The truth in the first place for “the gift of the main Bank of the country” still need to thank the new Russian Government. After all, the insurers wrote letters of complaint about his poverty that is Medvedev, who suggested the Central Bank to consider the bill of change of tariffs OSAGO.
So, recently, the CBR issued a report to the insurance companies, which revealed that the greatest problem is only in the insurance company “Rosgosstrakh”. And these issues apparently affected the entire insurance market of compulsory insurance of civil liability as this insurance, the company holds a huge market share.
So, according to the latest data of the Central Bank in the past year to the reorganization of the company Rosgosstrakh had 1/4 of the CTP market. At the time of reorganization of an insurance company the average payout for auto insurance, the average was about 100 thousand rubles. You won’t believe it is almost 70 percent more than the national average of all insurance companies. You understand that this imbalance in payments suggests that in Rosgosstrakh there is something wrong.
The most interesting began after the company Rosgosstrakh came under reorganization of the Central Bank. As a result, the company quickly sent a new management and the old management was sent to the labour exchange. Although, judging by the scale of theft in the company, and even their grandchildren work exchange probably never need.
By replacing manual payments in the CTP this year fell by almost 3.5 times. So if last year Rosgosstrakh paid for insurance more than 21 billion rubles, but this year over the same period, disbursements amounted to only slightly more than 6 billion rubles.
By the way, fell not only payments for insurance, but also the General fall in the share of all payments under insurance this insurance company.
So, according to the Central Bank in the first quarter of 2018 to the company Rosgosstrakh accounted for 19 percent of payments, and the market share of insurance organizations amounted to 9.8 percent. For comparison, last year’s payments of Rosgosstrakh accounted for 40 percent of all insurance payouts in the country, and its market share was 25 percent.
So what happened in Rosgosstrakh? But judging by the fact that for many individuals working in the company in senior positions criminal cases, the largest insurance company in the country they stole hard. This is also repeatedly stated by the new head of the insurance company. And most of all irregularities in rehabilitation of the insurer were related to CMTPL insurance.
To read more statistics of the Central Bank on the insurance market you can read at this link:
Statistics of the Central Bank on the insurance market
If you read the statistics of the Central Bank it becomes clear that the loss ratio of compulsory insurance of civil liability is far-fetched and untrue. Why, then, the problems of one company trying to give us as problems of the whole industry? Well, of course in order to get justification for raising the tariff corridor underlying insurance fees, as well as for further liberizatsii compulsory insurance of civil liability of drivers.
Because the Central Bank has openly stated that after 2020 will gradually let go of the CTP market in the free swimming, hoping that the market itself will adjust, as was done, for example, in Germany in 1994. But do not forget that we are not in Europe, where the share of state and around state companies paltry, in contrast to Russia, where in recent years there has been a strange increase in the share of the state in various fields of business.
How would this Libellula came out sideways ordinary car owners. A negative example, we have recently seen, when the shortage of fuel and the monopoly of a few large oil companies on the domestic market caused a sharp increase in the cost of fuel. So send the rates float, of course, but where is the guarantee that the price of insurance policies are not to go into space, at the cost of fuel?
The worst thing is that lately all the unpopular measures of the authorities successfully implemented. Including a few years ago, the Central Bank on the Government’s initiative managed without unnecessary emotions significantly increase the cost of insurance policies, due to the introduction of the concept of a tariff corridor, within which insurance companies have started to calculate the base rate of insurance.
No wonder, that after all this the insurance company as a blueprint to set a maximum limit of the base rates allowed by law. I wonder when the Central Bank on the instructions of Medvedev established this corridor do they think that the country there is at least one company that was willing to count the basic rates at the lower boundary of the tariff corridor?
Also now recall that in late summer, the Central Bank is likely to expand the plug base insurance rates, lowering the lower bound of the wage scale while increasing the upper limit of the basic rate. It is logical that this time all insurers will immediately set in the CTP base rates at the upper limit tariff of a fork. In the end, there will be another increase in the cost of insurance policy by at least 10-15 percent. And for many and all 20.
As it turns out, we all soon will be punished by rouble theft in Rosgosstrakh? Interesting move. And where was previously responsible for monitoring insurance companies? Why brought up the fact that theft in the Rosgosstrakh has reached such proportions that it has led to problems throughout the CTP market?