OREANDA-NEWS  On 09 December 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 Nizhny Novgorod amounts to RUR 424,185,868, which is 81.40% 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 369,717,148, including RUR 78,798,243 in private insurance, RUR 285,560,055 in property insurance and RUR 5,358,849 in liability insurance. The size of written premium in compulsory motor third party liability insurance was RUR 54,468,719.

The payments made by IJSC Ingosstrakh in Nizhny Novgorod under direct insurance contracts in January-September 2008 amounted to RUR 208,342,160, including RUR 13,807,145 in voluntary private insurance, RUR 159,707,580 in property insurance and RUR 38,139 in voluntary liability insurance. Compulsory motor third party liability insurance payments made amounted to RUR 34,789,295.

The most dynamic areas of business for the Nizhny Novgorod Branch of IJSC Ingosstrakh during the first nine months of the year were private insurance and liability insurance. The branch of Ingosstrakh in Nizhny Novgorod accounts for 5.69% of the regional insurance market and is rated third in terms of its results for 9 months 2008.