Russia

Insurance statistics - Russia

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Location map
author: OCHA/ ReliefWeb


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.
- Neighbours: Norway, Finland, Estonia, Latvia, Lithuania, Poland, Belarus, Ukraine, Georgia, Azerbaijan, Kazakhstan, Mongolia, China, North Korea.

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.

Macro indicators
* 2018 estimates
Surface:17,125,191km2
Population*:144.0million
Pop. density*:8.4people/km2
GDP*:1,286.1EUR billion
GDP/capita*:8,933.1EUR

Currency: Ruble
Code: RUB
Since: 1998


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:31%
TOTAL NON-LIFE*:69%
Overall Property*:24%

Sources:




 


Statistics

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Russia 1H2020 Insurance Companies Rankings

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Russia 1H2020 Market Portfolio


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Latest news




STATISTICS: RUSSIA, 1H2020: Generated GWP remained almost unchanged y-o-y in local currency

In the second quarter, the decline in economic activity due to the pandemic led to a decrease both in GWP and paid claims, mainly because of reduction of insured events. In general, at the end of 1H2020, total market GWP amounted to RUB 739 billion (~EUR 9.39 billion*) , and remained almost at the level of 1H2019 (-0.03%), according to the data, published by the Central Bank of Russia.















RUSSIA: new appointment at ROSGOSSTRAKH Life

Gulnara ORLOVA has been appointed head of the department for the development of additional services of ROSGOSSTRAKH Life, according to the insurer's press release.