Russian insurers increased premium collection
Over the first 9 months of 2003, Russian insurance companies increased the collection of premiums by 1.5 times. The total amount of insurance premium collected by companies for all types of insurance for three quarters amounted to 340.2 billion rubles, which is 54% more than the figures for the same period in 2002. As the Ministry of Finance said in a statement, these data were obtained from 1,223 of 1,436 insurance organizations registered in Russia.