Among the markets, for which data is available for comparison, the most significant increase in premiums after the second quarter continues to be demonstrated by Uzbekistan (+98.05%), followed by Kyrgyzstan, and Armenia is in third place in terms of growth rates. The insurance market of Kazakhstan recorded the least growth in volumes (+20.34%), while the Ukrainian market continues to be the only market in the region where there is an annual decline in GWP volumes - by more than 34%. The region's leader, Russia grew by 50%, occupying over 85% of the regional premium portfolio.
Total paid claims across the region rose by around 61% to EUR 13.20 billion. Uzbekistan continues to show the fastest growth in paid claims after the second quarter (+174%). All reviewed markets in the region recorded an increase in paid claims, except for Ukraine, where there was a decrease by more than 38%.
*does not include data for Turkmenistan and Tajikistan.
Access xprimm.com and download the CIS regional insurance market statistics for 3Q2022 (in EUR).