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.
On January 27, 2021, the first conference "InsurSelling-2021. Insurance sales - strategy and tactics, transformation and evolution, myths and reality", organized by "Insurance Today" in a mixed, online-offline format, in which some of the speakers gather in a specialized studio, and all other speakers and participants take part in the online mode, will take place in Moscow.
The long-term issuer credit rating of ROSGOSSTRAKH affirmed at BB, outlook stable, despite the extremely high dividends of RUB 12.2 billion (~EUR 0.13 billion*), that the company will pay to its parent financial corporation in 2021, the press-release of S&P Global ratings said.
For the last 9 months of 2020 the market reached RUB 1.1 trillion/EUR 12.21 billion* (+3.1% in local currency), according to the data published by the Bank of Russia. The results were significantly impacted by the drop during the second quarter due to restrictive measures related to the pandemic.
The average commission of insurance brokers from January to September 2020 amounted to 14.6% - the lowest among the five main sales channels through insurance intermediaries, ASN reports according to the head of the Council of the Association of Professional Insurance Brokers Katerina YAKUNINA.
For the period from January to September 2020, GWP of the TOP-10 MTPL insurers increased by 7.4%, to RUB 135 billion (EUR 1.46 billion*), and their share in the segment reached 82.3% (vs 81.7% a year ago), ASN reports according to the Bank Russia.
On November 24, at the analytical conference "Life Insurance: Market Transformation", RSHB-Life Insurance was awarded a diploma in the nomination "Growth Leader of accumulative life insurance" based on a study of the life insurance market for 9 months of 2020, the insurer's press service reported.
For the first 9 months of 2020, the GWP of RESO-Garantia increased by 9.8% y-o-y, to RUB 77.42 billion (~EUR 0.84 billion*). The company's paid claims for the period amounted to RUB 34.78 billion, writes ASN with reference to the company's press release.
SBERBANK Insurance joined the professional association of MTPL insurers, having received the status of a member of the Russian Association of Motor Insurers (RAMI). Becoming a member of RAMI is one of the conditions for obtaining a license for MTPL, as the press service of the insurer reported on November 20.
For the first nine months of 2020, according to the company, ROSGOSSTRAKH Life doubled its GWP volume y-o-y (in local currency), having collected RUB 14.4 billion (~EUR 0.15 billion*), the insurer reports.
ROSGOSSTRAKH Life has paid RUB 3.7 million (~EUR 40 thousand*) for insured events related to COVID since the beginning of the pandemic (from April to October 2020), the insurer said in a press release.
SBERBANK Insurance has entered into an obligatory reinsurance agreement of agricultural risks. The coverage extends to insurance of crops and perennial plantations, as well as livestock, the insurer said.
On October 29, 2020, the 6th Annual "Forum of Insurance Market Leaders: Distance Products and Digital Challenges" was held. The event was organized by the Insurance News Agency and the BusinessDrom Analytical Center.
The organizers of the largest event in the insurance market were the Insurance News Agency (ASN) and the Analytical Center BusinessDrom. The forum was held at the same time in offline and online formats, with over 350 managers, owners of insurance companies and their partners participating.