Russia

Location:
Northern Asia (the area west of the Urals is considered part of Europe), bordering the Arctic Ocean, between Europe and the North Pacific Ocean

Climate:
ranges from steppes in the south through humid continental in much of European Russia; subarctic in Siberia to tundra climate in the polar north; winters vary from cool along Black Sea coast to frigid in Siberia; summers vary from warm in the steppes to cool along Arctic coast

Natural hazards:
permafrost over much of Siberia is a major impediment to development; volcanic activity in the Kuril Islands; volcanoes and earthquakes on the Kamchatka Peninsula; spring floods and summer/autumn forest fires throughout Siberia and parts of European Russia

Currency: Ruble (RUB)
1 EUR = 63.8111 Ruble - RUB (December 31st, 2016)
1 EUR = 79.6972 Ruble - RUB (December 31st, 2015)
1 EUR = 68.3427 Ruble - RUB (December 31st, 2014)
1 EUR = 44.9699 Ruble - RUB (December 31st, 2013)
1 EUR = 40.2286 Ruble - RUB (December 31st, 2012)
1 EUR = 41.6714 Ruble - RUB (December 31st, 2011)
1 EUR = 40.3331 Ruble - RUB (December 31st, 2010)

Sources:
Central Bank of the Russian Federation
Federal Insurance Supervision Service
Media - Information Group "Insurance Today"

Insurance statistics
1H2017	Market Portfolio	xlsx
1H2017	Insurance Companies Rankings	xlsx
FY2016	Market Portfolio	xlsx
FY2016	Insurance Companies Rankings	xlsx
1H2016	Market Portfolio	xlsx
1H2016	Insurance Companies Rankings	xlsx
FY2015	Market Portfolio	xlsx
FY2015	Insurance Companies Rankings	xlsx
1H2015	Market Portfolio	xlsx
1H2015	Insurance Companies Rankings	xlsx
FY2014	Market Portfolio	xlsx
FY2014	Insurance Companies Rankings	xlsx
1H2014	Insurance market overview	pdf
1H2014	Market Portfolio	xlsx
1H2014	Insurance Companies Rankings	xlsx
FY2013	Insurance market overview	pdf
FY2013	Market Portfolio	xlsx
FY2013	Insurance Companies Rankings	xlsx
1H2013	Insurance market overview	pdf
1H2013	Market Portfolio	xlsx
1H2013	Insurance Companies Rankings	xlsx
FY2012	Market Portfolio	xlsx
FY2012	Insurance Companies Rankings	xlsx
FY2012	Insurance market overview	pdf
1H2012	Insurance market overview	pdf
1H2012	Market Portfolio	xlsx
1H2012	Insurance Companies Rankings	xlsx
FY2011	Insurance market overview	pdf
FY2011	Market Portfolio	xlsx
FY2011	Insurance Companies Rankings	xlsx
1H2011	Insurance market overview	pdf
1H2011	Market portfolio and rankings	xlsx
2010	Insurance market overview	pdf
2010	Market portfolio and rankings	xls
2009	Insurance market overview	pdf
2009	Market portfolio and rankings	xlsx
1H2010	Russian insurance market overview	pdf
1H2010	Market portfolio	xls
1H2010	Life insurance rankings	xls
1H2010	Non-Life insurance rankings	xls

Russia 1H2018 Portfolio

Russia Rankings 1 H2018

See all statistics

Russia: ERGO to sell its life unit to ROSGOSSTRAKH

Editor: Andrei Victor
2018-10-18

ROSGOSSTRAKH, one of the largest Russian non-life insurers is set to buy the local life insurance unit of German reinsurer MUNICH Re - ERGO Life, in a move to re-enter the life insurance segment.

Rosgosstrakh to buy Munich Re's life insurance unit Ergo Life

2018-10-18

RUSSIA: S&P raised ROSGOSSTRAKH's rating to B+ with a stable outlook

Editor: Marina MAGNAVAL
2018-10-17

The rating agency S&P improved ROSGOSSTRAKH's long-term credit rating in local currency from B to B+, the forecast was also changed from positive to stable, stated ASN portal.

RUSSIA: The State Duma Committee recommended cancelling prohibition on reinsurance of MTPL risks

Editor: Marina MAGNAVAL
2018-10-17

The State Duma Committee on Financial Market recommended a bill to cancel the prohibition on reinsurance of MTPL risks, as well as to include information about MTPL reinsurance contracts in the data transferred by insurers to the automated data system, reported ASN portal.

RUSSIA: based on 1H2018 results, average Motor Hull policy cost fell to the lowest level in 6 years

Editor: Marina MAGNAVAL
2018-10-17

According to the first half year result, the average Motor Hull policy in Russia fell to the lowest cost in the past 6 years, meaning RUB 34,800, reported RBK.

RUSSIA: VTB and SOGAZ merger to be complete in October

Editor: Marina MAGNAVAL
2018-10-17

According to the Head of VTB, Andrey KOSTIN, the merger of insurance businesses VTB and SOGAZ may be completed in October this year. As KOSTIN said, the parties already agreed on all issues in the merger.

STATISTICS: RUSSIA, 1H2018: Market growth speeds up to 13.3% y-o-y

Editor: Marina MAGNAVAL
2018-10-11

Total GWP by the Russian insurers in 1H2018 amounted to RUB 731.78 billion (~EUR 10 billion; +13.28% y-o-y in local currency vs. 9.5% a year ago), according to the Central Bank of Russia.

RUSSIA, 1H2018 result: GWP went up by more than 13% while paid claims went down by 14%

Editor: Marina MAGNAVAL
2018-10-04

Total GWP for the first half year amounted to RUB 731.78 billion (~EUR 10 billion; +13.28% y-o-y in local currency), according to the Central Bank of Russia. Total paid claims went down by 14% to RUB 235.78 billion (EUR 3.2 billion).

RUSSIA: Victor DUBROVIN appointed as acting general director of SBERBANK Life insurance

Editor: Marina MAGNAVAL
2018-10-04

Victor DUBROVIN was appointed as the acting general director of SBERBANK Life insurance. Alexey RUDENKO, previous general director, left the position due to transfer to another job, stated the insurer's press service.

RUSSIA: agro insurance in 1H2018 dropped by 36%

Editor: Marina MAGNAVAL
2018-09-27

The agro insurance segment based on the Central Bank dropped by 36% to RUB 1.66 billion in the 1H 2018. The biggest contribution to the segment was made by agro insurance without state support (+2.8% to RUB 904.3 million), according to the National Association of Agriculture Insurers (NAAI).

RUSSIA: approximate cost of the new platform under the recent law on household insurance will be up to RUB 60 million

Editor: Marina MAGNAVAL
2018-09-24

Under the new law on household insurance, insurers are ready to create a new platform to launch a federal information resource on household insurance, according to the head of the Information Systems Department of the Russian Association of Motor Insurers, Alexey SAMOSHIN.

RUSSIA: annual growth of Motor Hull premiums reached 3.1% in the first half year

Editor: Marina MAGNAVAL
2018-09-24

For the first half year 2018, Motor Hull GWP amounted to RUB 80.1 billion (+3.1% y-o-y). According to the Central Bank, Motor Hull premiums saw growth for the first time in the last 3 years (in 2016, for example, premiums decreased by 9%, in 2017 - 4.8%).

RUSSIA: RAEX improved rating of YUGORIA insurer to ru-

Editor: Marina MAGNAVAL
2018-09-19

The National rating agency RAEX improved rating of YUGORIA to ruA- with positive forecast. Before the insurer's rating level was ruBB+ with stable forecast, as ASN announced.