The level of compensation in the form of repairs under comprehensive car insurance policies has reached almost 0%. It is offered to solve the problem with the help of parallel imports.
In Russia the level of compensation in the form of repairs under comprehensive car insurance policies has reached almost zero. This was reported by Izvestia with reference to the Union of Insurers and the Bank of Russia.
The reason was the shortage of spare parts and the increase in the period of car repairs. Insurance companies have practically stopped repairing cars under comprehensive car insurance. At the beginning of 2022 the share of such compensations was 9-11%. By the end of the year the figure dropped to almost 0%.
The Russian Union of Motor Insurers explained that the problem would be solved if there was a parallel import. At the same time it is necessary to increase the maximum term of repairs under comprehensive car insurance to 60 days (now it is 30 days) and use parts which have been used and will not affect safety.
The Bank of Russia did not support the idea. They explained that by increasing the period of repair the car owner may be left without a vehicle for a long time, and the use of used parts will reduce the level of safety on the roads.