The Association noted that for the first five months of 2020, the GWP in the MTPL segment decreased by 18% y-o-y. In April alone, the GWP volume dropped by 43% compared to April 2019.
The experts of the Association also noted that initially for 2020 they expected the insurance market to grow by 6-7%. However, under the current circumstances, the main target is not to increase total market volume, but to maintain financial stability of the insurance sector.
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