16 Feb 2011 16:44

Russian insurers boost premium income 6.5% to over 1 trln rubles in 2010

MOSCOW. Feb 16 (Interfax) - Russian insurance companies collected 1.041 trillion rubles in premiums in 2010, 6.5% more than in 2009, Federal Insurance Service chief Alexander Koval told journalists on Wednesday.

The insurers paid 768.59 billion rubles in benefits last year, 4.4% more.

"The Federal Insurance Service's forecasts were fairly accurate. The bulk of the growth came on personal insurance lines (up 20%), auto liability insurance (OSAGO) (up 7%) and life insurance (up 37%)," he said.