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OSAGO: key facts

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The Bank of Russia starts releasing advanced statistics on compulsory motor third-party liability insurance (OSAGO). This will help all parties concerned comprehend the structure of this market and provide actual data on road accidents broken down by driver and vehicle category.

In particular, the accident rate of taxis significantly exceeds that of private cars. The number of road accidents with taxis is 7.6 times higher, as compared to private cars. Furthermore, statistics show that young drivers aged under 25 get into car accidents two times more frequently, whereas drivers aged 40+ — 35% more rarely as compared to the average in the market.

More details are available in the new material published by the Bank of Russia.

This news item was originally published by the Central Bank of the Russian Federation (CBR RU). For more information, please see the Source Link.

Regulator Information

Abbreviation: CBR
Jurisdiction: Russian Federation

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