Insurers will propose to the Central Bank to introduce a free tariff for CMTPL insurance

The Russian Union of Motor Insurers will propose to the Central Bank to introduce a free tariff for CMTPL insurance. This was announced by the head of the All-Russian Union of Insurers and the Russian Union of Auto Insurers (RUI), Evgeny Ufimtsev, in an interview with Izvestia. He added: with the regulator will discuss such a possibility at the beginning of next year.

Pay and cry: MPs have drafted amendments to the law on compulsory motor TPL insurance

Lack of insurance for the perpetrator of a road accident will not be grounds for refusing to compensate for damages

"I believe that for six years now the market has been undergoing a maturity test, whether the boundaries of the corridor work. It seems to me, it is necessary to completely let go of the price of MTPL insurance, setting only a limit for the maximum cost of the policy", - said Ufimtsev.

In his opinion, the market is ripe for this, and the state authorities can control it sufficiently. Therefore, there should be no abuses. Besides, there is a reinsurance pool where insurers can transfer contracts for which there is not enough tariff, he reminded. In this case, the costs are divided among all market participants in proportion to their share.

Read more in an exclusive interview with Evgeny Ufimtsev "Izvestia":

"It is necessary to completely let go of the price of MTPL insurance".