BELARUS NEWS AND ANALYSIS

DATE:

21/03/2007

43 of top 50 CIS insurers are Russian

MOSCOW. March 21 (Interfax) - Forty-three Russian insurance companies made the list of the top 50 insurers in the CIS in the first half of 2006, compared with 47 in the same period of 2005.

The information is contained in the Interfax-1000. CIS Insurance Companies review for the first half of 2006. The review is compiled by the Interfax Center for Economic Analysis with Ingosstrakh (RTS: INGS).

The top 50 also includes one company from Belarus, two from Ukraine and four from Kazakhstan.

Ingosstrakh came top of the list with $537.5 million in premiums, up 22.3% year-on-year in dollar equivalent, Angela Dolgopolova, an Interfax-CEA analyst, said.

Belgosstrakh of Belarus was the nearest foreign insurer behind Ingosstrakh, at number 25 with $71.8 million in premiums, up 24.7%. The largest Kazakh insurance company Eurasia was number 31 with $66.37 million in premiums, up 27%, and the largest Ukrainian insurer, Lemma, was number 39 with premiums down 26.4% to $50.6 million, she said.

The top 50 insurers collected 63.7% of the total premiums obtained by the insurers on the Interfax-1000 list (not including Russian mandatory medical insurance), or $5.637 billion. RTS$#&: INGS me

Source:

http://www.interfax.ru/e/B/finances/26.html?menu=2&id_issue=11697352