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 FY2017 Market Portfolio

Russia FY2017 Market Rankings

See all statistics

RUSSIA: PROMINSTRAKH, the leader in contractors' liability insurance, is going to face financial rehabilitation

Editor: Marina MAGNAVAL
2018-04-12

PROMINSTRAKH, the current market leader in contractors' liability insurance, may be subject to the financial rehabilitation in the nearest future by the Central Bank.

RUSSIA: crisis of agricultural insurance continues

Editor: Marina MAGNAVAL
2018-04-12

Russian agricultural insurance campaign this year may be considered as dead-end road. According to the National AgroInsurers Union, 18 regions out of 36 with high risk of emergency situations are not planning to develop agricultural insurance with state aid in 2018.

RUSSIA: international reinsurance brokers under the cross-fire of the official investigation and media campaign

Editor: Marina MAGNAVAL
2018-04-12

The economic security and anti-corruption department at the Ministry of Internal Affairs started investigation of the dealings of the Russian National Reinsurance Company (RNRC) in relation with its cooperation with three big international reinsurance brokers: WILLIS, MARSH, AON, the local media reads.

RUSSIA: RENAISSANCE Insurance Group cancelled its life insurance license

Editor: Marina MAGNAVAL
2018-04-05

Bank of Russia revoked the license of RENAISSANCE Insurance Group for voluntary life insurance on April 5, 2018. The decision was taken due to the insurer's voluntary surrender of the licensed insurance activity.

President of the All-Russian Insurance Association may be replaced soon

Editor: Marina MAGNAVAL
2018-04-04

President of the All-Russian Insurance Association (ARIA) Igor YURGENS may step down from the presidency in the nearest time being replaced by the Executive Vice-President of ARIA Andrey YURIEV - Deputy Chairman of the Management Board of RNRC, Regnum information agency said.

RUSSIA: another nine insurers may leave MTPL segment this year

Editor: Marina MAGNAVAL
2018-04-04

Russian insurers keep leaving the MTPL segment and another 9 companies are almost ready to do it this year, as estimated by the Russian National Rating agency (NRA).

SBERBANK Life Insurance - 47% increase of the net profit in 2017

Editor: Marina MAGNAVAL
2018-04-04

According to the official insurer's report in 2017 net profit of SBERBANK Life Insurance amounted to RUB 13.3 billion (EUR 0.19 billion), which is 47% more than a year before. Total assets jumped by 78% to RUB 228 billion (EUR 3.31 billion).

RUSSIAN lawmakers discuss new mechanism to bail out insurance companies: finance minister

2018-03-28

Russian Finance Minister Anton Siluanov said on Tuesday that Russian lawmakers were discussing a new mechanism to bail out insurance companies.

Russia: ARIA and the Central Bank plan to create proportional control over the insurance market

Editor: Marina MAGNAVAL
2018-03-27

All-Russian Insurance Association (ARIA) and the Central Bank of Russia decided to form a workgroup on development of the proportional control over the insurance market, said Vice-president of ARIA, Ella PLATONOVA.

Central Bank of Russia has appointed new Director of the Insurance Market Department - Philip GABUNIA

Editor: Marina MAGNAVAL
2018-03-26

Philip GABUNIA, who now is the Director of the Department for collective investment and trust management at the Central Bank of Russia, will be the new Director of the Insurance Market Department, as the Central Bank announced.

Russian insurer RESO considers IPO in April

Editor: Vlad BOLDIJAR
2018-03-21

Russian insurer RESO is considering an initial public offering (IPO) in April, wrote Reuters quoting two banking sources.

Russian experts forecast a downward trend for the Motor Hull class in 2018

Editor: Marina MAGNAVAL
2018-03-21

In 2018 GWP of Motor Hull class will continue the downsize trend despite the growth of the passenger cars market, as informed by the national rating agency EXPERT RA.

Russian national reinsurer gets Indian regulatory approval for the local market

Editor: Marina MAGNAVAL
2018-03-19

Russian National Reinsurance Company (RNRC) got an approval from the Indian insurance regulatory authority (IRDA of India) which is necessary for starting operation in the Indian insurance market as a foreign reinsurer, - the reinsurer informed on the official website on March 16.