OREANDA-NEWS. Russian car owners in the first quarter of 2015 gained more than 8 million 530,000 policies CTP. Number of contracts compared to the same period of the last year fell by 1.5%. Representatives of the Russian Union of Motor connected it with the economic situation in the country.

Therewith, auto insurers previously noted the increase in the number of people that was going to extend the policy in advance at the end of March or the beginning of April before raising rates, writes "Za rulem.RF”. RUI noted that car owners want to sign contracts at the old prices, but with new limits on payments to life and health. Union due to an influx of people observed previously the problems with the sale of CTP in some regions of Russia.

The representative of the RUI explained "Za rulem.RF" that the decline in the number of concluded contracts is due to general trends in the economy. "The fall in car sales among some dealers was 40%, it affected the number of contracts of CTP", - he said.

Earlier it was reported that on April 12th tariffs increased by 40% at the same time with the expansion of up to 20% tariff corridor. Since April 1st, the size of insurance payments increased for damage to life and health: up to 500 thousand from 160 thousand Rubles before. Experts predicted the rising of cost for vehicle insurance in 2015 by 15-20%. The penalty for driving without CTP is 800 rubles in Russia currently. 

According to the results of presented in the RUI report for the I quarter of 2015, the volume of collected premiums increased by 27% compared to the same period in 2014 (the average premium grew by 29%). Increase in October of 2014 of limits property to 400 thousand rubles has caused an increase by 40% in I quarter of 2015 the size of payments compared with the I quarter 2014. Average payment in I quarter 2015 increased by 32% and it was more than 42 thousand rubles.

Mandatory pre-trial procedure for settling of disputes between the victim and the insurer, introduced on September 1, 2014, affected the increase in complaints of victims to insurers - the number of reported cases of insurance in the 1st quarter of 2015 increased by 3% compared to the same period in 2014.

Commenting on the statistics, RUI president, Igor Jurgens, said that it is incorrect to consider the financial results of insurance companies, by subtracting simply from the collected premium the amount of payments. Firstly, the loss on a contract, concluded in a given calendar period, can occur in a different period, for example, in the next year. From the collected premiums insurers will form reserves, from which the insurance payments are made. Reserves cannot be considered as a profit of insurer, there are made future payments from them, which must be considered in determining of the financial results of the insurance organization. Secondly, from the compensation fund there are made payments for the bankrupt company (for example, Insurance Company "Russia" - about 2 billion Rubles). Finally, the part of the premium (for unexpired period) can be returned to the policyholder, for example, when he is selling a vehicle. This factor is also taken into account by insurers in reserves. In addition to the payments, the insurers spend money on the business running, it is stipulated by law.

By the contracts, concluded in 2014, 35 million of drivers have a reduction factor bonus-malus less than 1, half of them; 17.5 million have FBM from 0.5 to 0.75. This suggests that at least 17.5 million People have never been to blame for the accident, because responsible for an accident, even with the 13 class (FBM = 0.5) are moved directly into the 7th grade (FBM = 0.8). 3.6 million people have this factor = 0.5.