Insurance premiums exceed ₽1.1 trillion in 2024 Q3
6 December 2024
News
Over July—September 2024, the amount of insurance premiums nearly doubled year-on-year.
The increase was mostly driven by investment and endowment life insurance. The growth of insurance premiums in these segments was supported by high sales of short-term policies and large insurance contracts signed over 2024 Q3.
Other insurance segments expanded by 7.3% overall.
Payments under insurance contracts were up by 67.2% to ₽442 billion.
More details on the situation in the market are available in the Review of Key Indicators of Insurers for 2024 Q3.
Preview photo: Yankovsky88 / Shutterstock / Fotodom