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UIC-Reinsurance Department

Office 410, bld. 1, 23 Lesnaya str., Samara, Russia
32a Khoroshevskoe shosse, Moscow, 123007

March 11, 2014 - Revised data: 138.239 million rubles inwards reinsurance premiums

According to the revised data, the premiumsof inward reinsurance operationsin2013amounted to138.239million rubles.(47.2%increase,in 2012,the samefigure was93.899million rubles.).Paid losses amounted to87.158million rubles,the loss ratio-63%.

UIC vice-president NataliaLisina says:almost 50percent of increase inpremiumsfor inwardreinsurancecontractsisdue tothe activation ofUICin the promotion ofreinsurance services,access tonew markets,the openingof the Management Board in Moscow,whichdealswith reinsurance activity as well andhaving in its staff professionals in this sphere .