Add to favorite
 
123
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa


Future of Car Insurance in Russia
December 21, 2012 23:19


Photo Credit: http://streetracing.ru

Insurance companies expect the number of motorists buying comprehensive insurance to grow as they begin to offer significant discounts for owners who agree to install new satellite navigation systems.

What's the buzz?

Ingosstrakh, one of the industry leaders on the Russian market, is convinced that the high tech equipment helps decrease the accidents rate. According to the results of a pilot project, motorists appear to be driving more cautiously knowing that each of their steps is monitored by the invisible system.

That's why Ingosstrakh is prepared to lower insurance premiums by 30-70 percent for prudent owners, depending on the features they install. The discounts are expected to compensate for the purchase and maintenance of the expensive gear, which will set you back some 11,000 roubles, or almost $400.

Ingosstrakh expects a growing demand for the new service, with its partner 3S-Telematika ordering 100,000 systems from the Russian Technologies corporation for next year.

Who benefits more?

According to experts, the innovation is a boon both for insurers and their customer base because it help to boost the sales of on the comprehensive insurance package while motorists are likely to enjoy more customised products like insurance by the hour for low-mileage drivers or discounts for those who drive in one particular region only.

Satellite technologies could play a critical role in another aspect – faster on-site registration of car incidents. In 2012, only 6 percent of incidents have been registered with motorists agreeing not to wait hours for the traffic police inspector stuck in a jam just several miles away. Insurers, too, will be less reluctant to compensate for the damage, without the fear of fraud – smart sensors have the capability to identify the level of impact and precise the car part hit in a collision, sensitive enough to register even minor scratches like fender-benders.




Author: Mikhail Vesely

Tags: Russian business cars in Russia Glonass insurance  

Next Previous

You might also find interesting:

Sochi 2014: Geography And Concept Higher Education Not for Low-Graders Deficit Of Federal Budget in Russia Amounted to 1,393 Trillion Roubles Buzz Barometer: Inside Russia Calling! Forum New Railways To Moscow Airports









Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

-8

search on the map
TAGS:
Sots Art  Pedestrian Zone  Russian tourism  Nikolai Karamzin  USSR  Vologda  Russian Literature  Life Saving  Moscow Maps  Russian cinema actors  All Events  St. Petersburg  Yandex  Film Festivals  Magazines in Russia  Sergei Kapitsa  Kvass  Winzavod  Russian business  Russian Theater  Perm Territory  beekeeping museum   Russian history  Russian Cinema  obituary  Exhibitions in Moscow  society  Russian theatres  Federal Space Agency  Lipetsk Region  Moscow  Maria Yermolova  State Museum of Local Studies  Moscow State University  Russian church  Russian art  TNK-BP  Kirov Region  Mercedes-Benz Fashion Week Russia  Ban on US adoptions  European Commission  Konstantin Melnikov  Book Tickets for Concerts  Anna Chapman  Vladimir Basov  Archeology  Artillery  Vadim Kulakov  Russian courts  Kolomenskoye 


Travel Blogs
Top Traveling Sites