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: Cooperation between National Association of Agriculture Insurers and ASNACODI will improve development of the Russian agroinsurance

Editor: Marina MAGNAVAL
2018-06-13

Within the framework of XVI International Conference of the All-Russian Insurance Association President of the National Association of Agriculture Insurers (NAAI) Korney BIJDOV and President of the National Association of agriculture mutual insurance of Italy ASNACODI, Albano AGABITI, signed a cooperation agreement, informed the Agency of insurance news (ASN).

The 1st Summit of National Reinsurers to be organized in Moscow, September 20-21

Editor: Oleg DORONCEANU
2018-06-07

The Russian National Reinsurance Company (RNRC) invites in Moscow, on September 20-21, 2018 the main national reinsurance companies of the world, to take part in the 1^st Summit of National Reinsurers.

Health, accident and agricultural insurance among Russian Central Bank's top priorities for the market development in 2019-2021

Editor: Daniela GHETU
2018-06-07

A bill on insurance for accidental death from emergency situations, mandatory medical insurance reform, and improvement of agricultural insurance products, including state-supported coverage are the top legislative priorities for the Russian insurance market, Central Bank Deputy Governor Vladimir CHISTYUKHIN said.

Russia: Central Bank stopped active cleaning of the insurance sector

Editor: Marina MAGNAVAL
2018-06-07

First deputy chairman of the Central Bank of Russia Sergey SHVETSOV during XVI International conference of All-Russian Insurance Association announced that the period of active cleaning of the insurance sector was completed and now is mostly voluntary.

Russian Central Bank to "rate" insurers after the quality of the services provided

Editor: Daniela GHETU
2018-06-07

Central Bank of Russia plans to create insurers rankings based on the quality of their operations, Central Bank First Deputy Sergei SHVETSOV said during the International Insurance Summit, thus providing for some sort of "quality rating", Interfax reported.

Russian ACRA (Analytical Credit Rating Agency) acquired the European Rating Agency (ЕRА)

Editor: Marina MAGNAVAL
2018-06-06

ACRA (Analytical Credit Rating Agency) acquired in April the European Rating Agency (ERA) based in Slovakia, according to announcement on the ACRA website, thus becoming its sole shareholder.

Russian SOGAZ insurer's A.M. Best ratings under review after the VTB purchase announcement

Editor: Daniela GHETU
2018-06-04

A.M. Best has placed under review with developing implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of "bbb" of INSURANCE COMPANY OF GAZ INDUSTRY SOGAZ (SOGAZ) (Russia), the agency announced.

Russia: GWP of SBERBANK Life insurance in Q1 2018 jumped by 80.3% y-o-y

Editor: Marina MAGNAVAL
2018-05-30

GWP of SBERBANK Life insurance, generated by investment life insurance (ILI), during Q1 amounted to RUB 21.7 billion, 80.3% more if compared to the last year's Q1, - according to data provided by the insurer's press service.

An insurance provider to 788,000 Russian police officers loses its license

2018-05-30

It was hired to insure the lives and healthcare of 788,000 police officersfor the next two years, but the Central Insurance Company (TsSO) just had its license revoked by Russia's Central Bank, after the company's management was caught deliberately filing false information.

RUSSIA:Central Bank revokes license of Interior Ministry officers' insurer

2018-05-30

The Bank of Russia revoked three insurance companies and one insurance broker licenses on Monday.

RUSSIA: the local market will have a new biggest player after the merger of VTB and SOGAZ

Editor: Marina MAGNAVAL
2018-05-29

The Head of SOGAZ Group, Andrei KOSTIN, and the Chairman of SOGAZ, Anton USTINOV, on May 25, 2018 signed an agreement of sale of 100% of VTB Insurance to SOGAZ, informed RBK news agency.

Russia: FITCH affirms RNRC IFS at BBB-, positive outlook

Editor: Marina MAGNAVAL
2018-05-18

FITCH Ratings has affirmed RNRC (Russian National Reinsurance Company) Insurer Financial Strength (IFS) rating at 'BBB-'with a Positive Outlook.

Russia: further changes in MTPL, aiming to market liberalization

Editor: Marina MAGNAVAL
2018-05-17

On April 28, 2017 the Law on MTPL was amended in part of replacement in kind instead of payment of compensation. The expected effect was not obtained, the share of replacement in kind haven't reached yet even 50%, however, insurers noted certain decrease of fraud activity.