RUSSIA: in Jan-March, RESO-Garantia's GWP grew by 17.6% y-o-y, and pad claims - by 17.5%

9 June 2021 — Marina MAGNAVAL
In the first quarter of 2021, GWP of RESO-Garantia, one of the top-5 market leaders, reached RUB 29.48 billion (EUR 0.33 billion*), which is 17.6% more y-o-y. At the same time, the insurer's paid claims amounted to RUB 14.42 billion (+17.5%), ASN reports with reference to the company's press release.

More than half of the collected GWP came from motor insurance as the main activity of RESO-Garantia (including Motor Hull, MTPL and voluntary motor third party liability insurance), amounting to RUB 15.7 billion (+16.5%), and paid claims - RUB 9.45 billion (+22.7%).

In property insurance (excluding Motor hull), the company generated RUB 3.14 billion (+16.0%). The company's GWP in insurance of property of legal entities (excluding cars) totaled RUB 1.71 billion (+21.2%), the company reported.

* at the following exchange rate:

1 EUR = 88.7452 RUB (01.04.2021)

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