OSAGO

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ОСАГО, or Compulsory Motor Insurance, is a government-mandated insurance system in Russia that covers liability for damages caused by motor vehicles. The Bank of Russia has been involved in revising the rules for determining repair costs and adjusting tariff systems to better reflect vehicle characteristics and safety features. Changes aim to increase average payouts by about 10% and improve accuracy in compensation calculations, with new regulations expected to take effect in 2027. There are also discussions on extending similar insurance coverage to individuals using electric scooters and o…

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