OREANDA-NEWS. May 19, 2008. According to preliminary estimates, the aggregate premiums collected by insurance companies of SOGAZ Insurance Group in the first quarter of 2008 totaled RUR 19,9 billion, reported the press-centre of SOGAZ.

The amount of insurance premiums collected by the Group’s head company, OJSC SOGAZ, augmented to RUR 13,7 billion (RUR 9,9 billion in the first three months of 2007). In this process the premiums collection rose by 37,8%, a considerable increase on the insurance market’s average growth rate (16,8% net of obligatory medical insurance). Thus, in the first quarter of 2008, SOGAZ had a strong lead among Russian insurers in terms of the amount of collected  premium.

Insurance payments by OJSC SOGAZ during the period under review amounted to RUR 3,1 billion, or a 47,7% increase on the first quarter of 2007.