Translation. Region: Russian Federation –
Source: Central Bank of Russia
An important disclaimer is at the bottom of this article.
Insurance is one of the key financial institutions of a market economy and a mechanism for effectively protecting the property interests of citizens, businesses, and organizations from various risks.
3976.6 billion rubles
amounted to insurance premiums based on the results of 2025.
Currently, insurance services are provided for more than 100 types of insurance, the most popular of which are compulsory motor third party liability insurance (CMTPL), accident and illness insurance, and personal property insurance.
Regulation, control and supervision of the activities of insurance entities: insurance organizations, insurance brokers and mutual insurance companies is carried out by the Bank of Russia.
395.5 million units
insurance contracts were concluded by 2025, of which 91% were contracts with individuals.
As of 01.01.2026, the following was in effect in Russia:
129 insurance companies
60 insurance brokers
15 mutual insurance societies
The main tasks of the Bank of Russia are to prevent and suppress violations of insurance legislation and unfair practices, ensure the protection of the rights and legitimate interests of consumers of insurance services, and the effective development of the insurance business.
The focus of insurance supervision is on creating a reliable insurance environment, increasing the responsibility of the insurance business, and building consumer confidence in insurance services. One of the key priorities of the Bank of Russia's activities concerns improving mechanisms for protecting the rights and legitimate interests of insurance consumers, as well as developing behavioral oversight practices.
Following the entry into force of Bank of Russia Instruction No. 6315-U dated 14.11.2022 "On the Forms, Deadlines, and Procedure for Compiling and Submitting Insurer Reports to the Bank of Russia," the methodology for generating indicators for Form 0420162 "Information on the Insurer's Activities" has changed. Specifically, beginning with data for the first quarter of 2023, Form 0420162 reflects the amount of insurance premiums under insurance contracts paid during the reporting period in accordance with the terms of the insurance contracts. Due to these changes, in some cases, the amount of insurance premiums, beginning with data for the first quarter of 2023, may not be fully comparable with indicators for comparable periods of the previous year.
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.