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Russia: First half 2014 insurance premiums total $14.88 billion

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Official figures have shown that premiums collected by Russian insurers in the first half of 2014 increased 8.2% year on year to 505.83 billion Russian rubles ($14.88 billion), Forinsurer reports.

Meanwhile, insurance payments for the period totaled RUB 215.2 billion ($6.33 billion), up 10%.

Property insurance premiums accounted for 40.6% of the total volume, totaling RUB 205.56 billion ($6.05 billion), down 5.7%.

Payouts from this segment totaled RUB 103.27 billion ($3.04 billion), up 9.4%.

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