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Mortgage improved the Russian insurance market

The demand for life and health insurance in Russia has grown against the backdrop of an increase in loans to individuals, in particular mortgages, TASS reports with reference to the Central Bank of the Russian Federation.
Mortgage improved the Russian insurance market

The volume of life insurance premiums of borrowers in the second quarter of 2021 increased 2.2 times compared to the same period last year, up to 35.2 billion rubles, the volume of insurance premiums on accident and illness - 1.8 times, up to 69.8 billion rubles.

The life and health insurance of borrowers made about 40% of the total insurance market growth as of April - June 2021. An increase in the average insurance premium by more than one third (up to 29.3 thousand rubles) had positively affected the size of the life insurance market of borrowers.

Source: https://tass.ru/ekonomika/12297231

Photos are from open sources.

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