RUSSIA: in 2018 insurers paid 20% less y-o-y under court decisions
Among the main classes, it's worth noting that legal settlements decreased by 10% y-o-y (RUB 9.25 billion of the total MTPL paid claims - RUB 139.1 billion) for MTPL. MTPL total paid claims also dropped by 21% in 2018.
Motor Hull legal settlements decreased by 20.5%, amounting to RUB 3.4 billion of total Motor Hull paid claims - RUB 83.43 billion, which also went down by 0.3% in 2018, as reported by TASS news agency.
Legal settlements for property insurance, however, went up by 13% to RUB 1.7 billion, while legal settlements in voluntary insurance for motor vehicle owner liability remained unchanged (RUB 1 billion), ASN wrote.
*EUR 1 = RUB 79.4605 (31.12.2018)