With the changes to the Insurance Code in July this year, it was adopted to introduce the "Bonus-malus" system in our country. Its principle is: the less damage to the car, the cheaper the "Civil Liability" for the next year. And the expectations are that six months after the introduction of the system - or by February next year, it will be operational.
The "Bonus-malus" system will apply to the mandatory "Civil Liability". The philosophy is: “Those who have no damage should receive a discount, and those who have had damage in previous periods should receive an increase in insurance,” explained the deputy chairman of the Association of Bulgarian Insurers Plamen Shinov to Nova TV.
According to Ivan, who is a taxi driver, there are entire groups of risky drivers.
“We take care of our cars because this is our tool for work. There is a risk zone - such as couriers, food suppliers who are really in a hurry”, he said.
The guarantee fund will collect information about the damage caused and based on this data, the insurers will then determine the amount of “Civil liability”. Everyone will judge for themselves how and by how much.
„Most „Bonus Malus” systems around the world are extremely simple and work only based on the number of claims”, Shinov pointed out.
The system in our country is still being worked on.
„We are working hard on the development of the regulations that govern the way it will happen. The deadline is the beginning of February. We should have managed it - the first views of the Financial Supervision Commission and what the bylaws should look like have been sent to all interested parties”, emphasized the Deputy Chairman of the Financial Supervision Commission Plamen Danailov.
„Bonus Malus” will be able to influence the behavior of most drivers, Ivan believes.
„When a Bulgarian gets his hands in his pocket, that's when things work out. I lived in America for 5 years and there, in the event of a traffic accident, innocent or guilty, the insurance is higher next year”, he shared.
„My appeal is rather that people should not be careful because they will pay a higher premium, but to be careful because they can also be victims, and to protect everyone who is on or around the road”, advises Plamen Danailov.
In case of suspicions of unfair calculation by insurers, the Financial Supervision Commission appeals to the injured parties to contact them. The system should start working from the beginning of February.