Insurance market in Q2: Bank of Russia’s review
7 September 2022
News
In 2022 Q2, the amount of collected insurance premiums declined by 5.6% year on year to 410 billion rubles, mainly due to credit insurance. However, the insurance market may show better performance in Q3 as lending has been rebounding since the end of Q2.
Endowment life insurance has become one of the few growing segments. Compared to 2021 Q2, premiums in this segment rose by 117% to 78 billion rubles due to insurers’ efforts to expand and diversify their programmes. New solutions were also offered for investment life insurance programmes.
More information on the insurance market outlook is available in the Review of Key Indicators of Insurers.
Preview photo: DIOFILM / Shutterstock / Fotodom