Translation. Region: Russian Federal
Source: Central Bank of Russia –
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Over the 12 months since July last year, the Chechen Republic and the Republic of Dagestan have left the high-risk "red" zone, but Novosibirsk Oblast and the Republic of Ingushetia still remain. The number of regions classified as medium-risk "yellow" zones has decreased from 18 to 15.
The Bank of Russia has been monitoring regional risks of unfair actions in compulsory motor third-party liability insurance since October 2019 and publishes the results on its website on a quarterly basis. The document analyzes such indicators as the frequency of insurance claims, average payment, sliding payment ratio, and the share of accidents involving the same car owners and vehicles. Based on the analysis, regions are assigned to one of three zones depending on the number of points: “red,” “yellow,” or “green.”
The risk level in the territories is reduced due to the interaction of law enforcement and regulatory agencies with insurers with the assistance of the Bank of Russia. They are implementing measures to combat unfair behavior in MTPL. As a result of the improved situation in the Republic of Dagestan and the Chechen Republic, the number of policies issued over 12 months increased by 35 and 75%, while the number of complaints about problems with the availability of MTPL decreased by 57 and 68%, respectively.
For more information on the dynamics of indicators characterizing risks in the country as a whole and in individual regions, readthe latest issue of monitoring.
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