OREANDA-NEWS. December 06, 2011. In the 10 months of 2011, the aggregate insurance premium collected by the Privolzhskaya Directorate of OJSC IC ROSNO amounted to 1,224 bn roubles. This figure has been achieved primarily thanks to the active development of voluntary medical insurance (VMI), insurance coverage of civil liability of the owners of hazardous facilities, bankassurance, and other business lines, reported the press-centre of ROSNO. 

Among 13 regions serviced by the Privolzhskaya Directorate of OJSC IC ROSNO, the leadership position in terms of volume of insurance premium collected has been, as usual, taken by the Nizhny Novgorod branch which collected 354.7 mln. roubles. The significant growth of insurance premium collected was also achieved by the branches Saratov-ROSNO and Orenburg-ROSNO — 235.7 mln. roubles and 163.4 mln. roubles respectively.

At the same time, the company saw an increase of the volume of voluntary medical insurance (VMI) and comprehensive motor insurance (MOD) accounting for a significant share in the structure of ROSNO’s portfolio in Povolzh’e regions. The increase of insurance premiums was also noted in bankassurance in total, including mortgage insurance. A significant premium increase was noted in foreign travelers insurance. During the 10 months of 2011, some branches multiplied their volumes of premium collected in this type of insurance, as compared to the similar period of last year, thus demonstrating an impressive dynamics in this business type. For example, the Mordovian, Penza and Nizhny Novgorod branches have almost doubled the volume of insurance premium collected in insurance coverage of people travelling abroad. In addition, the Directorate saw growth of liability insurance premium, including liability of the owners of hazardous industrial facilities. For example, during the reporting period, Perm branch has increased insurance premium collected in this type of insurance almost 2.5 times, while Orenburg-ROSNO had it doubled.

Yet, the overall structure of ROSNO’s portfolio in Povolzh’e remained virtually unchanged as compared to the data as of the beginning of November of 2010. As before, about one-third of the portfolio pertains to VMI, one-fourth pertains to OMTPL, and one-fifth is taken by MOD.
"In the running year, we have not only preserved the stability of growth in the business lines traditional for Povolzh’e, but also gave a new impetus to the development of a number of insurance programs and products through close interaction with potential clients", states Mr. Alexander Yemelin, head of the Privolzhskaya Directorate of OJSC IC ROSNO. — We aim our efforts to increase our market share in property insurance, agricultural risks insurance and liability insurance, including liability of the owners of hazardous industrial facilities. In the running year, we opened new sales offices in large cities, offering a wide range of ROSNO products for private individuals and legal entities. Furthermore, we actively participate in trade events related to agricultural risks insurance, hold seminars and roundtable discussions with regard to insurance coverage of hazardous industrial facilities, inform potential clients about regulatory changes which become effective from the beginning of next year, and new insurance protection possibilities related thereto."