The Bank of Russia increased the values of the territorial coefficient (CT) of compulsory motor third-party liability insurance, which influences the cost of the policy, in 18 regions of the country due to the increase in insurers’ losses. This is stated in a press release on the regulator’s website.
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“In 18 territories where the current CT indicators do not correspond to the increase in losses, their values have increased. In these territories, in 2024, just over 4.4 million classic MTPL contracts were concluded with an average cost 31.8% lower than the Russian average,” the message continues.
CT values increased, for example, in Dagestan (from 0.9 to 0.99), in several cities of the Crimea (from 0.68 to 0.75), in the Republic of Udmurtia (from 0.84 to 0 .92) and in the Chuvash Republic (from 0.88 to 0.92). 0.97), says the Central Bank.
At the same time, the Central Bank reduced the CT in 21 regions, including Ufa, Krasnodar, Novorossiysk and Krasnoyarsk (from 1.64 to 1.56). In these territories, in 2024, approximately 6 million classic policies (excluding short-term policies) were issued, the average cost of which was 17.1% higher than the Russian average, the regulator said.
According to preliminary data from the Bank of Russia, a total of 43.7 million classic MTPL policies were issued last year. This is 5.5% more than in 2023. Its average cost decreased by 2.5% and amounted to 7.6 thousand rubles.
Author:
Bogdan Muzychenko
Source: RB
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