It became clear how many short-term MTPL policies Russians purchased 23:02

As of April 1, 2024, Russian insurers issued less than 2.3 thousand short-term MTPL insurance policies, reports analytical agency “Avtostat” refers to Evgeny Ufimtsev, President of the Russian Association of Automobile Insurers. At the same time, more than 42 million MTPL policies are generally issued annually in Russia.

“We do not see a demand for short-term compulsory motor insurance; they currently account for approximately 0.7% of the total number of policies. Initially, this concept was proposed for the purpose of insuring taxi drivers who were engaged in this activity as a part-time job and “who were not ready to purchase an expensive annual policy for the purpose of driving a taxi,” the institution quotes Ufimtsev as saying.

However, according to him, short-term MTPL policies are not in much demand in this capacity. In this case, most often short-term compulsory motor liability insurance is issued for the maximum possible period – three months.

Short-term MTPL policies with validity from one day to three months in Russia allowed It will be published starting from March 2, 2024.

Previously, hybrid car manufacturers in Russia receivable the ability to enter into a SPIC with the state.

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Source: Gazeta

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