Russia: First quarter 2014 premiums up 8.9% to $7.5 billion

Russia's central bank has said the premiums volume posted by the country's insurers increased 8.9% year on year to 262.99 billion Russian rubles ($7.5 billion) during the first quarter of 2014, reported Forinsurer citing Interfax.

Total payouts reached RUB 101.11 billion ($2.88 billion), up 11.5%.

Property insurance premiums totaled RUB 100.01 billion ($2.85 billion), up 5.6%, while payments totaled RUB 49.18 billion ($1.43 billion), up 13.3%.

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