Insurance Market: 2025 Results

Key Events and Challenges of 2025: A Market in Reform Mode

2025 became not just a year of growth for Russia's insurance market, but a year testing its resilience and maturity. Total insurance premiums in 2025 reached a record 2.7–2.8 trillion rubles, demonstrating growth of 15–18% over the previous year. The industry simultaneously underwent tariff reforms, transformation of key products, pressure from digitalization, and shifting customer attitudes.

The major changes in 2025 affected three segments at once: auto insurance, life insurance, and medical insurance, the All-Russian Insurance Union (ВСС) told Argument Media.

OSAGO: Tariff Restructuring and Camera-Based Monitoring

Throughout the year, the Central Bank adjusted OSAGO parameters several times. In November 2025, the regulator expanded the base tariff corridor by 15% in both directions for all vehicles, except motorcycles, where the expansion was 40%. In parallel, the territorial coefficient (KT)—an indicator of risk level and insurance cost for property or life in a specific city or region—was revised. In Novosibirsk Oblast and the Republic of Ingushetia, KT was doubled (from ~0.9 to ~1.7). These are regions on the Central Bank's anti-rating for risks of dishonest actions in OSAGO. In other regions, the coefficient was actually reduced. As ВСС notes, the goal of these changes is to make tariffs economically justified and more targeted: careful drivers receive lower rates, accident-prone drivers receive higher ones.

Another key development was the advancement of the project to verify OSAGO policy possession through photo and video surveillance cameras. In spring 2025, the president ordered refinement of the violation administration mechanism, and in November the State Duma and Federation Council passed a law on penalty limits for OSAGO absence detected by cameras.

The insurance community supported the initiative. ВСС emphasizes that the measure targets not occasional violators, but those who systematically ignore purchasing a policy. This should:

• reduce the share of uninsured drivers,
• increase protection for road users,
• restrain growth in insurance premiums for conscientious vehicle owners.

Meanwhile, the number one challenge in OSAGO remains the situation with vehicle repairs. Today, the share of repairs through insurer referrals is only 5–7%, since service stations often refuse to work under OSAGO terms or don't conclude contracts with insurers at all. ВСС proposes a legislative solution: establish the injured party's right to supplemental payment for depreciation costs if the insurer paid cash and the vehicle owner repaired the car independently. The draft law is planned for submission to the State Duma in 2026.