ROSNO Khabarovsk Branch Grows Insurance Premium by 7% in 1H
OREANDA-NEWS. August 21, 2009. The aggregate insurance premium collected by ROSNO’s Khabarovsk branch in the 6 months of 2009 amounted to 159.7 mln roubles (vs. 149 mln roubles in the 1st half of 2008), reported the press-centre of ROSNO.
A significant increase in insurance premium is observed in such segments as MOD for cars (+83%) and other vehicles (+193%), corporate property insurance (+30%), and liability insurance (+21%). The premium collected from tourist insurance, OMTPL and personal property insurance remained the same as in the same period of the previous year. Accident insurance premium has dropped by 38%, reflecting a crisis-induced willingness of corporate clients to cut costs by withdrawing from this type of insurance coverage.
The branch’s major business lines are as follows: voluntary medical insurance (71% of the portfolio) and motor insurance, including OMTPL (15% of the portfolio).
In the first 6 months of 2009, ROSNO’s Khabarovsk branch paid 51.6 mln roubles of insurance compensations (vs. 36.1 mln roubles in the 1st half of 2008). With its 72%, voluntary medical insurance accounts for major share in the branch’s compensation payment structure.
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