The premiums of SOGAZ Group have increased by 19%, to EUR 1.57 billion, in 1H/2011
Gross written premiums of insurance companies members of SOGAZ, in the first six months of 2011, totaled RUB 65.64 billion (EUR 1.57 billion), up by 19% compared to the similar period of 2010. The total volume of claims paid by the entire group has reached RUB 41.8 billion (EUR 1 billion).
Companies that are part of the Russian group SOGAZ are OJSC SOGAZ - composite insurance company, SOGAZ-Life - life insurance, SOGAZ-Med - mandatory health insurance, SOGAZ-Agro - agricultural insurance, SOGAZ-SHEKSNA - composite insurance company, SHEKSNA-M - medical insurance.
On the voluntary insurance line, underwritings have increased by 16% in 1H/2011, to RUB 35.50 billion (EUR 852.13 million), and claims paid were RUB 12.76 billion (EUR 306.27 million). Property insurance generated RUB 17.46 billion (EUR 419.08 million), up by 20%, while claims reached RUB 4.20 billion (EUR 100.81 million).
Total premiums collected for mandatory health insurance rose to RUB 29.60 billion (EUR 710.48 million), while for liabilities classes they have decreased by 12%, to RUB 1.73 billion or EUR 41.52 million.
Gross written premiums of insurance companies members of SOGAZ, in the first six months of 2011, totaled RUB 65.64 billion (EUR 1.57 billion), up by 19% compared to the similar period of 2010. The total volume of claims paid by the entire group has reached RUB 41.8 billion (EUR 1 billion). 