The Central Bank of Russia has proposed amendments to the unified method used by insurers to calculate repair costs for compulsory motor third-party liability insurance (CMTPLI) claims, aiming to better reflect current market conditions. The Bank expects the changes to increase the average CMTPLI payment by 9%. Under the proposal, the average price of a spare part would no longer take into account prices of similar aftermarket components that are 70% cheaper than the original part, compared with the current 80% threshold. The average cost of auto consumables would be calculated based on market prices without applying discounts, and repair cost calculations would include single-use items such as seals and adhesives in full, rather than being capped at no more than 2% of the price of replacement parts. Suggestions and comments are invited through 30 March 2026.
Central Bank of Russia consults on changes to CMTPLI repair cost calculations expected to raise average payouts by 9%
The Central Bank of Russia has proposed amendments to the calculation method for compulsory motor third-party liability insurance claims to better align with market conditions. The changes are expected to increase the average payment by 9% and involve adjustments to spare part pricing and repair cost calculations.