Ingosstrakh (Samara) Boosts Written Premium for 9 Months 2008 by 38%
OREANDA-NEWS On 24 November was announced, that according to preliminary statements, the aggregate written premium for 9 months 2008 on direct insurance contracts entered by the branch of Ingosstrakh in Samara amounts to RUR 370 mln, which is 38% higher than the premium collected over the same period of Year 2007. The size of written premium in voluntary insurance other than life insurance was reported to amount RUR 287.5 mln (+58%), including RUR 17 mln in private insurance, RUR 263 mln (+68%) in property insurance and RUR 7.5 mln (+31%) in liability insurance. The size of written premium in compulsory motor third party liability insurance was RUR 82 mln.
The payments made by IJSC Ingosstrakh in Samara under direct insurance contracts in January-September 2008 amounted to RUR 171 mln, including RUR 2mln in voluntary private insurance, RUR 108 mln in property insurance and RUR 1 mln in voluntary liability insurance. Compulsory motor third party liability insurance payments made amounted to RUR 60 mln.
The most dynamic areas of business for the Branch of IJSC Ingosstrakh in Samara during the first nine months of the year were voluntary property insurance and motor vehicle insurance, primarily due to higher premiums in motor hull insurance.
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