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"Paper" MTPL Policies Being Displaced by Online Insurance

Money & FinanceOfficial Statement

Translation disclaimer: machine-assisted translation may contain inaccuracies. Always refer to the original source for authoritative text.

The average cost of a Motor Third Party Liability (MTPL) [Russia's compulsory auto liability insurance, known in Russian as OSAGO] policy has fallen again, in part due to competition among insurers. As a result, total premiums collected under compulsory auto insurance declined slightly, amounting to approximately 330 billion rubles.

Overall, the insurance market grew by 6.9% in 2025, reaching 4 trillion rubles, driven largely by life insurance. The volume of claims paid increased by 18.6%, to 2.5 trillion rubles.

For more detail on market conditions at the close of 2025, see the "Review of Key Performance Indicators of Insurers" [a periodic analytical publication of the Central Bank of Russia (CBR)].

Photo credit (preview image): Arsenii Palivoda / Shutterstock / Fotodom