Ingosstrakh in Tatarstan Doubles Written Premium for 9 Months 2008
OREANDA-NEWS On 11 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 the Republic of Tatarstan amounts to RUR 463,896,722, or 97% higher than the premium collected over the same period in 2007.
The size of written premium in voluntary insurance other than life insurance was reported to amount RUR 444,077,385, including RUR 3,688,319 in private insurance, RUR 435,711,375 in property insurance and RUR 4,677,692 in liability insurance. The size of written premium in compulsory motor third party liability insurance was RUR 19,819,337.
The payments made by IJSC Ingosstrakh in the Republic of Tatarstan under direct insurance contracts in January-September 2008 amounted to RUR 199,829,907, including RUR 431,739 in voluntary private insurance, RUR 186,103,068 in property insurance and RUR 3,120 in voluntary liability insurance. Compulsory motor third party liability insurance payments made amounted to RUR 13,291,980.
The most dynamic area of business for the Tatarstan Branch of IJSC Ingosstrakh during the first nine months of the year was property insurance.
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