OREANDA-NEWS. December 15, 2011. Ingosstrakh Insurance Company offers a new “Econometer” service to its clients which allows to substantially reduce the expenses on insurance premium under the damage risk when issuing the motor own damage insurance (CASCO) policy. The clients who come to the offices of the insurer in Moscow and Moscow Region are offered to install the monitoring equipment on the automobile in order to optimize the expenses on the insurance policy and to find the car in case of theft.

Inclusion of the Econometer option in the auto insurance contract allows to save up to 50 % on the insurance premium under the damage risk, but in order to use the option the annual mileage limit is to be set. Three options are offered by the insurer: 7,000 km, 12,000 km and 15,000 km. The amount of the insurance premium is determined by the chosen option: the fewer kilometers driven per year, the less money is to be spent on the policy. It should to be taken into account that the coverage under the damage risk is in force till the car hits the mileage limit; however, the insurer makes it possible to change the limit within the term of the contract. The mileage of the vehicle will be determined by the readings of the monitoring system.

The mechanism of the Econometer option is rather simple. The client comes to the office of the insurer for signing the CASCO contract on one of the products and adds the Econometer option to it. In order to do this, the monitoring system is to be installed on the insured car to recover it in case of theft; this is why the insurer also provides the clients with an opportunity to save on the theft risk insurance from 10 % to 80 %.

The monitoring system includes the monitoring block and the accelerometer. The block enables to calculate the mileage of the automobile, define its location and recover the car in case of theft. The accelerometer transmits the information on the impact force and based on these data it is possible to evaluate the severity of the collision, damage or accident. If an adverse event occurs, the system forms an alert and sends it to the operator of the control center who will get in touch with the driver and in case of severe accident sends the emergency services to the accident scene.