Among the markets for which data is available for comparison, the most significant increase in premiums was demonstrated by Uzbekistan (+80.59%), followed by the Armenian market, and in third place in terms of growth rate is the Russian market. The insurance market of Kazakhstan grew the least (+8.42%), while against the backdrop of hostilities, the insurance market of Ukraine was the only one in the region to have an annual decline - by more than 27%.
Total paid claims in the region increased by 66%, to EUR 8.75 billion. The most rapid growth in paid claims was recorded by the Uzbek market (+161%), while the insurance markets of Azerbaijan and Ukraine saw a fairly significant decrease in euro compared to the first half of 2021.
*doesn't include data for Turkmenistan and Tajikistan.
Access xprimm.com and download the statistics of the CIS regional insurance market for 1H2022 (in EUR).
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