OREANDA-NEWS. September 19, 2011. According to the IFRS data, in the 1st half of 2011, the aggregate insurance premium written by Allianz ROSNO Life exceeded 953 mln. roubles, thus overriding the same period of the previous year by 104%. Insurance compensations exceeded 68.5 million roubles, reported the press-centre of ROSNO.

All data are provided under IFRS.
According to the results of the first 6 months of 2011, insurance premium written in life insurance equalled 876 million roubles, demonstrating a 114% increase versus the same period of the year 2010. In accident insurance, insurance premium written equalled 77 mln roubles, representing a 31% increase.

In the 1st half of 2011, the company paid clients 55.8 mln. roubles under life insurance contracts and 12.7 mln roubles under accident insurance contracts.

As of the end of the 1st half of 2011, reserves amounted to 2.6 bn roubles. As of the end of this period, assets reached 3.5 bn roubles. The company’s authorized capital is 240 million roubles.

Mr. Maxim Chernin, CEO of Allianz ROSNO Life, commented on the results of the 1st half of the year 2011 as follows: "Allianz ROSNO Life once again demonstrates positive business development dynamics exceeding the average growth of the Russian life insurance market. Allianz ROSNO Life’s strong position is a consequence of a systematic market management strategy aimed at differentiation of insurance portfolio and innovative approach to expansion of the product line. A vivid example is the successful tranche of the Russian market’s unique investment insurance product Allianz Active+ enabling clients to gain potentially high income while being guaranteed full protection of their investments.

The company’s 1st year half portfolio structure also reflects our strategy: we have clearly selected attractive sales channels, and we are actively developing those in the interests of our clients. For example, 47% of all insurance premium collected in the 6 months of 2011 pertained to the partner channel of Allianz ROSNO Life (sales of accumulative, investment and credit life insurance via banks and car showrooms), 38% — to the agent network, and 15% — to the corporate channel".