Over the past year, the Chechen Republic and the Republic of Dagestan have been removed from the high-risk ‘red’ zone for misconduct in compulsory motor third-party liability insurance (CMTPLI), according to recent data. However, the Novosibirsk Region and the Republic of Ingushetia remain in this category. The number of regions classified as medium-risk ‘yellow’ zones has also dropped from 18 to 15.
The Bank of Russia has monitored regional risks associated with CMTPLI since October 2019, publishing quarterly updates on its website. This monitoring includes analysis of insured event frequency, average insurance payments, payment ratios, and repeated road accidents involving the same vehicles and drivers. Based on these factors, regions are categorized into ‘red’, ‘yellow’, or ‘green’ risk zones.
The decrease in risk levels is attributed to cooperation between law enforcement agencies, supervisory authorities, insurers, and support from the Bank of Russia. These groups have implemented measures to address misconduct in CMTPLI.
Improvements in Dagestan and Chechnya are reflected by a significant increase in issued CMTPLI policies—up by 35% and 75%, respectively—over the last year. Additionally, both regions saw notable decreases in complaints about policy accessibility: down by 57% in Dagestan and 68% in Chechnya.
Further information on national and regional risk indicators can be found in the latest issue of the monitoring report.
