of net profit of the insurance market in 2024 was high interest rates in the economy, the second most important component of net profit was the positive result of non-life insurance.
And it can be noted that the insurance market remains attractive for business. Over the past year, five new new zealand telegram data players have appeared on it. Only one organization left the market, voluntarily surrendering its license after fulfilling its obligations to clients. Another five companies ceased to be independent players as a result of reorganization, but they actually continued to work in a different status, joining the current market participants.
Which segments are driving growth
— The overall dynamics of insurance premiums, as I have already said, was due to a significant increase in NSL and ISL, contributions for which increased by approximately RUB.
Trillion exceeding the 2023 figure by 3.5 times
Short-term life insurance contracts in the second half of the year actively competed with bank deposits in terms of profitability, which became one of the main reasons for the increased demand for such products from consumers. However, the features of the overw getting a cooperative loan becomes easier helming majority of these contracts — a short term and a high premium — force us to cautiously assess the prospects for continued growth in premiums in this segment; in the agb directory fourth quarter, we already noted a trend towards its slowdown.
