Demand for VHI increased due to pandemic in Novosibirsk region

In January-March 2021, enterprises of the Novosibirsk Region spent more than 201 million rubles on corporate insurance. As reported in a study by the Siberian State Bank of RUSSIA, this is primarily due to the covid-19 pandemic .

“The business preferred more expensive insurance products with extended risk coverage. This is a completely logical step in the context of the spread of CORONAVIRUS infection. This is how employers take care of their employees, who will have the opportunity, if necessary, to compensate for the costs of expensive medical services, such as CT or MRI, as well as recovery procedures and physiotherapy,” said Sergey Zhabotinsky, Deputy HEAD of the Siberian Main Directorate of the Bank of Russia.

As explained by the department, against the background of the recovery of economic activity, a number of enterprises in the Novosibirsk region have the opportunity to expand the social package, providing employees with more expensive insurance programs. The average cost of corporate VHI for businesses at the beginning of 2021 was RUB 430.5 thousand. against 243.2 thousand rubles. a year ago.

Also, the study reported a great interest on the part of residents of the Novosibirsk region in purchasing a CASCO policy. Thus, due to property insurance of legal entities and individuals, 17% more premiums were collected than last year, and the number of concluded contracts increased by almost a quarter.

“Insurers not only sold more of these policies, but the rise in car prices also increased the average cost of insurance,” the study says.