OREANDA-NEWS. November 18, 2013. Total 9m 2013 IFRS revenues of Allianz in Russia (IC Allianz, Allianz Life, Medexpress and ROSNO-MS) exceeded RUR 28.2 bln, up 21.1% on 9m 2012.

Premium growth was posted by IC Allianz, Medexpress and ROSNO-MS. IC Allianz revenues grew 25.7% and exceeded RUR 25 Bln. Medexpress recorded premium growth of 7.3% to RUR 779.9 Mio. ROSNO-MS CommR increased 44.7% to RUR 1.543 Bln.

Over the three quarters, IC Allianz grew above the market and has recorded considerable premium increase in strategically important LoBs: Motor, VMI and Bancassurance.

MOD — RUR 6.5 BLn (+15.9%)

VMTPL — RUR 151.8 Mio (+80.5%)

OMTPL — RUR 3.0 Bln (+23.0%)

Green Card — 259.8 Mio (+11.8%)

VMI — RUR 6.2 Bln (+ 24.0%)

Mortgage insurance— RUR 2.6 Bln (+108.2%)

PA insurance — RUR 658.5 Mio (+71.0%)

Liability — RUR 1.027 Bln (+50.9%)

MAT, Carriers’ Liability and Cargo insurance — RUR 1.7 Bln (+27.0%)

FinRisks— RUR 995.5 Mio (+17.4%)

All Company distribution channels are posting stable and successful performance, Partner Sales channel being the main premium growth contributor with a result of RUR 13.2 Bln, up 39.1%). Corporate Sales channel delivered a result of more than RUR 6 Bln, up 16.2%; and Agent channel GPW amounted to RUR 5.7 bln, up 10.7%.