OREANDA-NEWS. February 14, 2011. According to the operative balance of 2010, the total premium from direct insurances gained by the Novosibirsk branch of Ingosstrakh OJSIC reached 390.8 million RUB.

The total premium of voluntary insurances other than the life insurance made 309.3 million RUB, i.e. revenues from the personal insurance made 44.9 million RUB; those from the property insurance, 250 million RUB; and those from the liability insurance, 5.5 million RUB. The Compulsory Motor Third-Party Liabilities insurance (CMTPL) gained 81.48 million RUB, showing the impressive growth rate of 25 percent.

In 2010 the Novosibirsk branch of Ingosstrakh OJSIC paid on claims relating to direct insurances the amount of 340.3 million RUB, from which the voluntary personal insurance accounted for 53.2 million RUB; the property insurance, for 151.87 million RUB; and the voluntary liability insurance, for 85.2 million RUB. Payments relating to CMTPL claims amounted to 49.3 million RUB (with the growth rate of 8.6 percent).

“The year of 2010 was rather challenging for insurers. The recent financial turmoil made weak and fraudulent players leave the market, while the most strong and competitive ones continue to develop, – says Dmitry Shevchenko, the director of the Novosibirsk branch of Ingosstrakh OJSIC. – As at the end of 2010, the branch has strengthened its leading positions in insuring CNC, cargoes, rolling stock, flight carriers, and agricultural producers. I believe that the year of 2011, already marked by our jubilee, will make the branch even more successful and efficient.”