ROSNO Sums Up Year 2009 Results in Green Card Policy Sales
OREANDA-NEWS. March 05, 2010. The international system for insurance coverage of motor third party liability (Green Card) became effective in Russia in January 2009. Last year, IC ROSNO sold over 30 thousand Green Card policies, reported the press-centre of ROSNO.
The volume of sales has been distributed nearly equally among the policies effective only in the CIS countries (Belarus, Moldova, Ukraine) and the policies effective worldwide.
In 2009, the Green Card policies were more actively purchased by private clients (82%). In addition, just over half of all policies purchased by them have been designed for the CIS countries, while corporate clients were more frequently buying the policies effective in all countries where the system operated (89% of all insurance contracts concluded by corporate clients).
The largest demand for international insurance coverage of motor third party liability is formed in Moscow (40% of the portfolio) and Western border regions of Russia (46% of the portfolio). Almost one quarter (23%) of all Green Card sales made by ROSNO in 2009 pertained to such cities as Bryansk and Belgorod. Meanwhile, in these cities, the largest demand was for the policies intended for use only in the CIS countries. On the contrary, in Kaliningrad and St. Petersburg, the majority of clients (about 90%) purchase the policies effective worldwide. In Smolensk, the sold Green Card policies equally distributed between those effective in the CIS and those effective worldwide.
In 2009, the peak sales of the Green Card policies were observed in July, August and December, which corresponds to peaks in tourist activity.
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