"Simplified" OSAGO bring insurers into bankruptcy

Insurance Finansy28-11-2007 "Simplified" OSAGO bring insurers into bankruptcy loss ratio in OSAGO nearing a critical maximum. On average in Russia in 2006 (taking into account the cost of doing business, changes in reserves and allocations of insurance companies in the fund SAR), it was 89%. In large cities such as Rostov-na-Donu , Novosibirsk, Nizhny Novgorod unprofitable exceeded 100% (including all costs). Such data is divided Rating Agency "Express RA. The situation in the insurance market will exacerbate the introduction of" European Protocol, "the experts are sounding the alarm. According to their estimates, many small insurers can simply splurge on the payoff. "Improving the quality of services and the expansion of liability" due to the direct payoff, ideally, should have a positive impact on earnings SAR, which actively lobbied for such innovations. However, no tariffs, no correction factors with the introduction of new features have not changed. The need to improve their insurers say more than a year.