The Central Bank of Russia published Q1 2025 indicators for compulsory motor third-party liability insurance (CMTPLI) and the wider insurance market, showing a year-on-year decline in average prices for standard CMTPLI policies alongside strong growth in total insurance volumes. For ordinary car drivers, the average price of a standard CMTPLI policy was RUB 7,300 in January–March 2025, down 5.1% versus the prior year. Ordinary car drivers took out nearly 8.3 million standard CMTPLI policies, with other categories of policyholders accounting for a further 1.5 million standard contracts. Around 0.9 million short-term CMTPLI policies were issued, most commonly to taxi drivers who took them out for two days on average, paying about RUB 272. Total CMTPLI premiums were RUB 73.9 billion and compensations were RUB 51.7 billion. Across the whole insurance market, volumes rose by nearly 50% to RUB 845.4 billion, with growth described as almost entirely driven by endowment and investment life insurance, while insurance payments more than doubled to RUB 602.5 billion.
Central Bank of Russia 2025-06-05
Central Bank of Russia reports average CMTPLI policy price down 5.1% year on year to RUB 7,300 and insurance market up nearly 50% in 2025 Q1
The Central Bank of Russia reported a 5.1% year-on-year decline in average prices for standard compulsory motor third-party liability insurance (CMTPLI) policies in Q1 2025, with the average price at RUB 7,300. Total CMTPLI premiums reached RUB 73.9 billion, while compensations were RUB 51.7 billion. The overall insurance market saw a nearly 50% increase in volumes to RUB 845.4 billion, primarily driven by endowment and investment life insurance.