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OSAGO insurers boast a sharp increase in their income in 2022

  • November 11, 2022
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The Russian Union of Motor Insurance (RSA) reported a seven percent increase in payments under OSAGO. Modestly silent about the repeatedly sharp price increase of spare parts. The

OSAGO insurers boast a sharp increase in their income in 2022

The Russian Union of Motor Insurance (RSA) reported a seven percent increase in payments under OSAGO. Modestly silent about the repeatedly sharp price increase of spare parts. The AvtoVzglyad portal tells how insurers redeem underpayments to car owners.

— Based on the 9-month results of 2022, the average payment for OSAGO was 74,296 rubles, which is 7% or 5,000 rubles more than a year earlier (69,253 rubles). At the same time, quarterly statistics show that the dynamics of the average payment for OSAGO correlated with the increase in spare parts prices, and its growth accelerated noticeably in the third quarter, – such data was provided by the executive director of the PCA Evgeny Ufimtsev at the Finnopolis Forum on November 11.

Let’s note that the RSA bragging about the increase in payments to drivers injured in road accidents in the current situation is frankly trolling millions of Russian motorists. Especially from the lips of Mr. Ufimtsev. Indeed, just a few weeks ago, he himself told the Economics and Life publication with a black eye: “The average increase in the cost of auto parts since the beginning of the year has been about 30%.” That is, the repair of the car became 30% more expensive, and the PCA increased the reimbursement for the costs by only 7%. In such a situation, as they say, “it is better to chew than to talk.”

But the PCA ignored this truth and openly admitted in a widespread press release: Since the beginning of the year, insurance companies have earned 12% more from the sale of OSAGO policies than a year earlier – increasing their “premium” from 173.1. billion rubles to 193.9 billion rubles. At the same time, the amount of payments to traffic accident victims for the first three quarters remained at last year’s level – 113.7 billion rubles. The costs are the same, but the turnover is 12% higher – a wonderful company. Especially in light of problems in the country’s economy and a sharp drop in the income of millions of Russian car owners …

— Based on the 9-month results of 2022, the average payment for OSAGO was 74,296 rubles, which is 7% or 5,000 rubles more than a year earlier (69,253 rubles). At the same time, quarterly statistics show that the dynamics of the average payment for OSAGO correlated with the increase in spare parts prices, and its growth accelerated noticeably in the third quarter, – such data was provided by the executive director of the PCA Evgeny Ufimtsev at the Finnopolis Forum on November 11.

Let’s note that the RSA bragging about the increase in payments to drivers injured in road accidents in the current situation is frankly trolling millions of Russian motorists. Especially from the lips of Mr. Ufimtsev. Indeed, just a few weeks ago, he himself told the Economics and Life publication with a black eye: “The average increase in the cost of auto parts since the beginning of the year has been about 30%.” That is, the repair of the car became 30% more expensive, and the PCA increased the reimbursement for the costs by only 7%. In such a situation, as they say, “it is better to chew than to talk.”

But the PCA ignored this truth and openly admitted in a widespread press release: Since the beginning of the year, insurance companies have earned 12% more from the sale of OSAGO policies than a year earlier – increasing their “premium” from 173.1. billion rubles to 193.9 billion rubles. At the same time, the amount of payments to traffic accident victims for the first three quarters remained at last year’s level – 113.7 billion rubles. The costs are the same, but the turnover is 12% higher – a wonderful company. Especially in light of problems in the country’s economy and a sharp drop in the income of millions of Russian car owners …

Source: Avto Vzglyad

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