The majority of insurers were not prepared to sell e-insurance


The willingness of insurers to the mandatory sale of electronic policies can be estimated by the experience of their connection and testing for service enterprises, said the Executive Director of the Russian Union of motor insurers (RAMI) Evgenie Ufimtsev. At the time of starting the operation of the system the testing was a big part of companies, but e-insurance policies sold only 17, he said.

Technically the willingness among large companies to sell electronic policies is high, the managing partner of the National Agency for financial studies (NAFI) Paul Samiev. “Here the question is not even ready, and that in General, companies are not interested in selling insurance policies in electronic form. Because a very large imbalance at the loss. In addition, there is the so-called “toxic” regions, such as Krasnodar, Rostov and Volgograd region, where the loss ratio is very high,” — said Samiev.

According to forecasts of the NAFI, in 2016, the loss ratio on the insurance market can be from 77% to 82%. When this combined loss ratios for insurance with the court payments and expenses for the year will exceed 100%, and in some regions it will be significantly higher.

“The community now awaits the adoption of the relevant guidelines of the Bank of Russia requirements to the sites of insurers, which may need to modify the software,” explained Ufimtsev. According to him, the project, which was published by the regulator, “seems to be quite hard”. “We are in dialogue with the regulator, we expect the easing of regulations”, — he said.

Central Bank the final version of the claims has not been prepared. “The Bank of Russia is preparing appropriate guidance, the draft document was published for public comment on the regulator’s website. At the moment we are analyzing the proposals and comments received from the Russian Union of insurers, to prepare the final version of the document”, — reported the press service of the Central Bank.

The previously published draft of the Central Bank establishes that the total duration of the interruptions of the site may not exceed four hours per month. When conducting scheduled system maintenance during which the users access the site will be impossible, on the main page not in less than a day before the start of work must be posted a notice specifying the date and time of their beginning and end. The document also defines the notion of a breach of the smooth functioning of the site, including critical — they recognized a violation that was not corrected for more than two hours. Any proven violation of the accessibility of the website of the insurance company to buy insurance policy in electronic form can be punished by a fine of 300 thousand rubles since the launch of mandatory e-sales of CTP in Russia.

According to Ufimtseva, standard chart of connecting of the insurance company to the system PCA is 2-3 weeks, however this should be preceded by preparation of software of the company. “PCA has already sent the companies a letter about what needs to be tested and connect to the system. The insurers still have time”, — believes Ufimtsev.

The launch of electronic sales of insurance policies was launched in the year 2015, the first from 1 July in the form of prolongation for individuals, then on 1 October it became possible to design not only of the policy from your insurer, but also any other offering this service. From 1 July 2016 entered into force, the legislation that allowed insurance companies to open the possibility of purchase of electronic insurance policies for businesses.

In late September, RSA said that the experiment on voluntary sale of electronic policies, which started in July of 2015, joined only 17 of the largest companies in the Federal level of 74. This spring, from the list of insurers who voluntarily sells e-policies, disappeared Rosgosstrakh, while refused e-sales. According to RSA, as of 4 October, the Russian motorists have issued more than 306 thousand electronic insurance policies.

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