OREANDA-NEWS. On 13 August 2008 was announced, that preliminary reports show the total size of written premium in direct insurance accounted by Ingosstrakh branches coordinated by the North-West Regional Center in 1H 2008 as RUR 284 898 k, which is 28% higher than in 1H 2007.

The size of written premium in private insurance reached RUR 12 122 k. Written premium in property insurance is reported to reach RUR 205 605 k while liability insurance brought RUR 10 849 k. The size of written premium in compulsory civil liability motor-vehicle insurance is RUR 56 321 k.

The size of insurance compensations paid by IJSC Ingosstrakh under direct insurance arrangements in January-June 2008 in the North West District amounted to RUR 136 175 k, which is 6.6% higher than in 1H 2007, including RUR2438k in voluntary private insurance, RUR 73 124  k in property insurance, and RUR 4 250k in voluntary liability insurance. The size of compensations in compulsory civil liability motor-vehicle insurance is RUR 46 622 k.

‘This year we are happy about the positive tendency towards evolution of insurance culture among local residents, says Vladimir Khrabrykh, Director of the North West Regional Center of IJSC Ingosstrakh. – Our potential client notes both the tariff policy of the company and the quality of claim handling practices.  Insurance companies start to compete in terms of quality and promptness of insurance compensations. Moreover, the level of development of the company’s agency network is important in terms of engaging more clients. Today, the agency network in the North West Regional Center encompasses 306 professional insurance agents, and we are planning to increase this number 2.5 times by the year end.’