OREANDA-NEWS. November 18, 2009. The aggregate insurance premium collected by ROSNO's South Directorate in the 9 months of the running year equalled 365,868,236 roubles. In the third quarter, the company retained positive dynamics in terms of the premium collected (in the first two quarters of 2009, growth equalled 14.6% versus the same period of the year 2008, with further increase by 15.4% in Q3 2009). Over half of the aggregate insurance premium was collected by the Krasnodar branch and the Volgograd branch, reported the press-centre of ROSNO.

ROSNO’s major growth drivers in the Southern Federal Okrug have once again been property insurance (+55.4%) and liability insurance (+8.5%). The share of financial risk insurance grew by almost a third (+31.8%), with water transport insurance volumes increasing by 15.8%. More people are travelling abroad covered by ROSNO insurance policies, as evidenced by the 5.5% growth in premium collected in this insurance segment in Q3 2009.

The 2.7% decrease in OMTPL premium collected by ROSNO’s South Directorate in the reporting period is in accordance with the company’s plans and its strategy of forming well-balanced portfolio and reducing loss ratio.

The highest dynamics of growth in insurance premium collected was demonstrated by ROSNO’s Krasnodar branch (+71.6%), Volgograd branch (+58.1%) and Pyatigorsk branch (+41.4%).

Mr. Andrey Ulanov, head of ROSNO’s South Directorate, notes: "Our performance results notably differ from the general trends prevailing in the insurance market of Southern Russia. ROSNO is „growing“ against the backdrop of accelerating market downfall (in the first six months of 2009, the insurance market of the Southern Federal Okrug shrank by 14.6%, with this figure reaching 19.7% in the third quarter).

In the ranking of Southern Russian insurers by insurance premium, ROSNO climbed 14 positions against the year 2008, now holding a ninth place. On the one hand, this is the result of the natural market process reflecting consolidation of premium in portfolios of most reliable and stable companies. On the other hand, the dynamics of premium collected by ROSNO in the Southern Federal Okrug stems from the Directorate’s purposeful efforts aimed at increasing productivity of our performance in the insurance market segments selected by us as being of top priority".