OREANDA-NEWS. April 27, 2011. On 21.04.2011, Ingosstrakh OJSIC published the information about indebtedness of some MTPL insured who avoid making insurance payments in the procedure of subrogation. Some companies have already made a proposal to carry out checking under subrogation requirements, but the representatives of “Group Renaissance insurance” LLC said in response to the said message that the indebtedness they have today “does not mean” anything”, and it is nothing more than the PR move of Ingosstrakh OJSIC.

 As for this position, we would like to say that any debt is formed in connection with failure to timely fulfill the undertaken obligations.

The terms of insurance payments to be made by a MTPL insured are clearly stated in the laws, and also in the Rules of professional activity of the Russian Association of Motor Insurers. Thus, the indebtedness mentioned by Ingosstrakh OJSIC means that “Group Renaissance Insurance” LLC does not fulfill the obligations undertaken under MTPL agreements, avoids making insurance payments within the terms stipulated by the laws, making payments, which are not proportionate to the existing indebtedness.

For a number of companies from the published list, the policy of non-payment under subrogation claims for any reason is a deliberately chosen variant of conducting business, which surely poses questions of stability, including financial one, of these insured. Whereupon, “Group Renaissance Insurance” LLC shows the characteristics of this approach.

Let us remind you that Ingosstrakh OJSIC has published such lists since 2008 and regularly shows open and transparent approach to the problem of non-payment.

Whereupon, Ingosstrakh OJSIC does not conceal its debts to the insured and declares with all the responsibility that in its work it is regulated exclusively by the requirements of law and the Rules of professional activity of the Russian Association of Motor Insurers. The presence of certain indebtedness of Ingosstrakh OJSIC, judging by the sums, only testifies to the current balance on the claims which have not been considered or cannot be considered due to absence of the necessary documents.