Insurance claims for fraud and seasonal risk protection have seen a significant rise, according to VTB.
In the first half of 2025, Russian banking giant VTB has reported a surge in demand for certain types of insurance products, particularly fraud insurance and comprehensive "bundle" solutions.
According to the bank's predictions, the demand for fraud-related insurance products is expected to continue growing, driven by an increase in fraudulent schemes and heightened customer awareness of financial risks. In the six-month period from January to June, VTB issued fraud insurance over 20,000 times, nearly doubling the previous year's result.
The bank also anticipates growth in demand for comprehensive "bundle" solutions that provide expanded protection in a single policy. These bundle products, including comprehensive property insurance, travel insurance, and other standard risks, saw significant growth with over 35,000 such policies issued in the first half of the year, more than doubling the previous year's demand.
While the bank did not provide specific percentages for the share of fraud insurance or bundle products in the total online insurance policies issued, it is clear that these products are gaining popularity.
In terms of individual insurance policies, mortgage insurance remained the most popular, with 870,000 policies issued in the same period, marking a 30% increase from the previous year. Tick-borne disease insurance followed closely, with over 50,000 policies issued, more than doubling the previous year's figure, making it the third most popular.
Auto liability insurance (OSAGO) accounted for 23% of all online insurance policies issued in the first half of 2025, with around 300,000 policies issued, a twofold increase from the previous year. The number of tick-borne disease insurance policies issued in the first seven months of 2025 more than doubled compared to the previous year.
However, the specific popularity of these insurance policies within VTB's overall growth data remains unclear, as the bank did not provide information about the most popular online insurance policies in 2025 compared to the previous year.
It is worth noting that VTB issued over one million online insurance policies in the first six months of 2025, indicating a strong market presence for the bank in the digital insurance sector.
For those seeking precise figures and trend analysis from VTB's 2025 data on online insurance policy popularity and demand shifts, it is recommended to consult VTB’s official financial or annual reports or industry-specific market research released by VTB or associated analysts later in 2025.
The growing demand for fraud insurance and comprehensive "bundle" solutions in the business sector, as reported by VTB, is expected to continue, driven by an increase in fraudulent schemes and heightened customer awareness of financial risks. In the six-month period from January to June, VTB issued over 20,000 fraud insurance policies and over 35,000 comprehensive "bundle" solutions, marking a significant increase from the previous year.
