In European currency, all markets of the region, the data for which was analyzed, recorded a decline, with the largest decline being in the Ukrainian insurance market (-35.16%). In terms of annual decline rates, the insurance market of Armenia ranks second. At the same time, the market of Azerbaijan saw the smallest decrease. The Tajik insurance market, for which data is included for the third quarter of 2020, recorded a decline of about 9% (compared to the third quarter of 2019).
Total paid claims at the regional level decreased by 18.56% y-o-y to EUR 8.67 billion. It should be noted that in the context of individual markets, an increase in paid claims (+40.56%) at the end of 2020 was recorded by Azerbaijan, while the largest decrease was recorded by the market of Kazakhstan (-44.03%).
* The analysis of regional statistics does not include data from Turkmenistan. Tajik insurance market data is included for the third quarter of 2020 (compared to the third quarter of 2019).
Access xprimm.com and download the regional insurance statistics of CIS (in EUR).