Discount up to -16% on car insurance! Catch this great offer until 15.10.2025. ๐ Buy online quickly and without overpayments.
ATTENTION! At 00:00 the MTIBU database will be updated. Please start concluding the contract after 00:00
Subscribe to our Telegram channel and get the latest and most interesting news first
Further in the original language
Good news for everyone who cares about the situation in the MTPL market, and for millions of car owners: The Verkhovna Rada Committee on Financial Policy and Banking resumed work on the adoption of a new version of the law "On OSAGO".
We expect that the draft law will be adopted in the first reading in the next few months. MTSU, representatives of insurance companies, insurers-members of the Bureau โ All of us now conduct active consultations and working groups, for the maximum refinement of the necessary clarifications and corrections in the new edition.
Let me remind you what positive changes for car owners the adoption of the new law should bring:
The new version of the law provides for the beginning of the payment process not after the completion of the bankruptcy procedure and the signing of the liquidation balance sheet, but immediately after excluding her from the members of the MTSU.
This norm has a very important social meaning, especially nowadays, when due to the difficult economic situation, many insurance companies left the market and left significant volumes of unfulfilled obligations, and bankruptcy processes drag on for years. It allows victims to significantly shorten the time frame for receiving compensation: from a few years to a few months.
Payments for bankrupt insurers โ one of the most painful moments where urgent legislative changes are required. Victims of road accidents reasonably believe that the existing rules for payments to companies that have stopped working are unfair. This is confirmed by the huge number of letters and complaints that come to the Bureau. We understand this problem and actively support such a norm, as without making changes to the law, the MTSU has no right to make such payments.
This is also one of the most frequent questions and complaints of injured car owners over the age of 5-7 years: "why did they not compensate me for the full cost of the repair, but only a part?". And this is now โ a big problem for the culprits of road accidents, because the victim has the right to collect the difference between the full cost of repairs and the amount of compensation paid under the OSAGO policy directly from the culprit. We patiently explain that these are the rules for calculating the amount of material damage, understanding that they are objectively unfair to policyholders and require changes.
Also, I would like to add: there are no norms in almost any European country that the payment is made based not on the actual cost of repairing the car, but on the basis of wear and tear. And we need to switch to European practices.
First of all, this is a requirement of Eurodirective 2009/103/EC, the provisions of which Ukraine undertook to implement under the association agreement with the EU. Secondly, the level of inflation and the increase in the average payment rate show the relevance of this issue.
And most importantly โ this is a question of social justice โ The life and health of our citizens should not be "cheaper" than the life and health of Europeans, and the sums of payments for damage to "iron" must fully cover any possible property damage.
The norms of the new version of the law envisage a gradual increase of insurance sums up to UAH 20 million within 7 years. for life and health and up to UAH 8 million. due to property damage. We are planning to start this increase already in 2019, we have immediately established the insurance amount for life and health in the amount of 1 million hryvnias. and โ 500 thousand UAH for property damage.
Also, since 2019, it is planned to cancel the franchise under OSAGO contracts. Such unification of insurance conditions (now the deductible can be from 0 to 2% at the choice of the insurer) will significantly simplify the life of car owners. The victim will receive compensation in full from the insurer, and will not be forced to "shake it off" the amount of the franchise directly from the person responsible for the accident, if he had a policy with a franchise. The liability of each car owner will be fully insured within the limits of the insurance amount โ this will contribute to increasing confidence in OSAGO as a whole.
Free pricing in OSAGO has a number of advantages: it will allow insurers to better manage their portfolio and reserves, expand opportunities to provide discounts to disciplined drivers. As a result, insurers will be able to show greater price flexibility and create their own loyalty programs.
Free pricing will be of particular importance in case of system implementation universal direct regulation. Then clients will be able to choose the most suitable insurance company for themselves, taking into account both the quality of service and settlement, and the company's pricing policy. And get paid in the same company.
The norms of the new draft law will create a full-fledged legislative base, taking into account the prospects for further development of the market in terms of the introduction of "electronic policy". I would like to remind you that the provision regulating the main legal features of the introduction of the "electronic policy" will enter into force on February 7, 2018. Technically, the Bureau is ready to launch the project, now insurers-members of the Bureau are testing the system and building interaction between the technical platform of the "electronic policy" and own IT systems. So the electronic policy in the new year โ be!
Almost an hour of operation of the system of voluntary direct regulation, which includes 18 member companies of the Bureau, showed that this innovation was liked by policyholders. This is not surprising: most policyholders are more comfortable receiving payment from the insurer with whom they concluded a contract, this makes it possible to consciously choose a reliable company with good customer service. Thus, the average term of settlement of insurance events in the system of direct settlement is one and a half times less than in the framework of the usual system.
As part of the system, almost 5,000 insurance cases have already been settled, more than UAH 62 million have been paid out, and the number of settled insurance events increases by 20% every month.
The adoption of the new version of the law will create a legislative basis for the gradual transition of all insurance companies of the OSAGO market to work within the framework of this system.
I am confident that the listed innovations will create a fundamentally different, higher level of insurance protection for Ukrainian motorists and bring the country closer to European standards of quality of life.
Source: Correspondent
Author: Shevchenko Volodymyr (General Director MTIBU)
The level of customer satisfaction with the quality of service at SG "TAS" reached 95%
SG "TAS" has become the undisputed leader of the insurance market in eight regions of Ukraine
