RUSSIA: in 2019 GWP growth of RESO-Garantia exceeded 7%, but motor insurance in the company's portfolio decreased by more than 4%

5 March 2020 — Marina MAGNAVAL
According to preliminary 2019 data, RESO-Garantia, which is included in TOP-10 market insurers, increased its GWP by 7.1% y-o-y, to RUB 98 billion (~EUR 1.41 billion). And growth rate of its paid claims reached 8% (RUB 48.8 billion/EUR 0.7 billion), ASN news agency reports.

Motor insurance (Motor Hull, MTPL and voluntary third-party civil liability insurance together) in the company's portfolio by the end of 2019 decreased by 4.4%, to RUB 59.2 billion. At the same time, property insurance (without Motor Hull) grew by 27.1% (to RUB 12.2 billion), personal insurance - by 34.7% (to RUB 25.1 billion), and accidents insurance - by 74.7% (to RUB 7.5 billion).

Last year, total number of insurance contracts, concluded by RESO-Garantia, reached 12.58 million units, and total insurance amount under contracts exceeded RUB 483.9 trillion.

*EUR 1 = RUB 69.3777 (as of 01.01.2020)

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