RUSSIA: in the first quarter GWP of ROSGOSSTRAKH increased by 5.5% y-o-y

20 May 2021 —
From January to March 2021, GWP of ROSGOSSTRAKH amounted to RUB 23.6 billion (EUR 0.26 billion*), which is 5.5% more y-o-y, ASN reports.

A significant part of the insurer's GWP was generated by such segments as property insurance of individuals and legal entities, bancassurance, voluntary health insurance and motor insurance (MTPL and Motor Hull).

There is also a positive trend in the sales channels used by ROSGOSSTRAKH - the most impressive growth rates in the first quarter were observed in the corporate (107.6%), partner (106.7%) and agent channels (103.7%), as the insurer noted.

The insurer's paid claims for the period under all types of insurance increased by 12.5% to RUB 9.6 billion. Among the factors affecting growth of paid claims, experts point out the traditional increase in insurance events in motor insurance, accident insurance, and more frequent customer requests under voluntary health insurance.

According to the results of last year, ROSGOSSTRAKH is included in the TOP-10 insurance companies in terms of GWP, ranking sixth on the local market.

* at the following exchange rate:

1 EUR = 88.7452 RUB (01.04.2021)

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