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- Getting to the policy: common CMTPL insurance for Russia and Belarus will start working in April
Getting to the policy: common CMTPL insurance for Russia and Belarus will start working in April
The common MTPL policy for Russia and Belarus will be fully operational in April 2025, the Russian Union of Motor Insurers told Izvestia. New contracts for passenger cars will be on average 3 thousand more expensive than the classic ones. The product will be in demand from both private tourists and businesses, such as carriers from both countries, according to market participants. It will be profitable for those who at least three times a year cross the border by car, experts estimate. How the common MTPL insurance for Russia and Belarus will work and how losses will have to be settled - in the material of "Izvestia".
When will the common MTPL insurance for Russia and Belarus work?
Citizens of Russia and Belarus will be able to buy a common CMTPL insurance policy for the two countries from April this year, told "Izvestia" director of the bureau "Green Card" of the Russian Union of Motor Insurers (RIA) Sergei Razuvan.
Our country has already formed the legislative base that is necessary to launch this system, the Central Bank's press service told Izvestia. The law authorizing such products came into force in 2025, but sales have not yet started, said Anna Yezhikova, project manager of the motor insurance underwriting department of Absolute Insurance. According to her, it takes time to finalize information systems.
The cost of MTPL insurance will increase only for car owners who specifically choose to expand coverage to the second country. It is expected that the price of such a policy will be about 10-15% more than the classic contract, said Anna Yezhikova. At the end of November 2024, the average cost of compulsory car insurance in the Russian Federation amounted to 7.5 thousand, reported in the RAMI.
For general insurance also provides a tariff corridor, insurers will be able to set the cost only within these limits, added Sergei Razuvan of RAMI. According to him, when issuing MTPL insurance with the extension to Belarus for passenger cars will have to pay an average of just over Br3 thousand.
Such a product makes sense to purchase both citizens of this republic, who often travel to Russia, and citizens of the Russian Federation, who often visit the neighboring country, explained Deputy Director General for retail insurance products "Yugoria" Ekaterina Suplotova. She added: in this case, there will be no need to think about issuing a Blue Card every time and keep track of its expiration date. It will be more profitable than buying a separate policy.
"Blue Card" is a new system of international car insurance for those traveling abroad, an analog of the earlier "Green Card". Until June 30, 2023 Russia was a member of this system, but due to sanctions Russia's membership was suspended indefinitely. The "Blue Card" officially started working on April 1, 2024. A separate agreement with Belarus on mutual recognition of policies has been in force since September 2023. When traveling by car to countries that have not yet joined the new system, Russians must purchase a local automobile liability policy.
The average price of the "Blue Card" for a trip to Belarus for a passenger car is now about 1.1 thousand for 15 days, about 1.4 thousand for a month and almost 7 thousand for a year, said co-owner of the insurance broker Mainsgroup Sergei Khudyakov. According to him, Belarusians have similar rates when traveling in Russia. Therefore, for the citizens of the neighboring country, often visiting Russia, the purchase of a general MTPL policy will be as beneficial.
To issue a policy, one will only need to enable this option when signing a contract of MTPL insurance and all the fields will be filled out automatically, said the company "Zetta Strakhovanie. They noted: the general insurance will also be in demand by legal entities and private entrepreneurs, whose activities are associated with frequent trips to a neighboring country - for example, carriers.
Who should buy a general CMTPL insurance policy for Russia and Belarus?
- The demand for a general CMTPL insurance policy in border regions will be the highest and may amount to 60-70% among regular Blue Card buyers. As you move away from the border, this percentage will decrease, - estimated Sergey Khudyakov from Mainsgroup.
The demand for the product will grow - this is facilitated by the increase in private automobile tourist flow between the two countries.
According to the most conservative estimates, the border between Russia and Belarus is crossed annually by about 1 million cars, said the press service of GTK-Auto. They added: at least a third of them travel to the neighboring country more than once or twice a year. It makes sense for them to buy a general MTPL policy.
There will be interest from the Belarusian side, emphasized in "GTK-Auto. First, due to the "return" tourism. And secondly, due to truckers and vans, which travel between the countries. In addition, it is through Belarus that a significant number of goods are brought by parallel imports, noted in the company. According to the media, at the beginning of last year, the demand for road transportation between Russia and Belarus increased by 40%.
- The launch of a common MTPL is important for both countries because it will simplify the insurance process for motorists and create a single market for such services. It may also reduce the number of offenses related to the absence of a policy when crossing the border," said Maxim Kolyadov, Head of Individuals at AMsec24 Insurance Brokerage.
The general MTPL insurance will operate in the same way as local policies now operate in each country: the participants of the accident will have to draw up a europrotocol or call the traffic police, explained Sergei Razuvan of RAMI. If the accident occurred in Belarus, the victim must apply for compensation to the Belarusian Bureau of Transport Insurance. It will settle the case, and after reimbursement will bill the Russian insurer for reimbursement of expenses. If the accident with a Belarusian car occurred in Russia, the Green Card Bureau of RAMI will settle the case, the expert said.
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