Location map
author: OCHA/ ReliefWeb

- 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.

- 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
Pop. density*:8.4people/km2
GDP*:1,286.1EUR billion

Currency: Ruble
Code: RUB
Since: 1998

Insurance market portfolio
* 2018 estimates
Overall Property*:24%




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Russia FY2020 Portfolio

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Russia FY2020 Rankings

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Latest news

STATISTICS: RUSSIA, FY2020: Despite a decrease in GWP and paid claims in the second quarter, by the end of the year GWP increased by about 4%, and paid claims - by 8% (in local currency)

By the end of 2020, Russian insurance market grew by about 4% to RUB 1.53 trillion (~EUR 16.97 billion*), which, despite the pandemic, is a good result, given that there was absolutely no growth in 2019. Total amount of collected GWP reached 1.45% of GDP, according to the data published by the Bank of Russia.

RUSSIA: On April 14-15, 2021 the 25th Annual Reinsurance Conference will be held in Moscow

The 25th Annual Reinsurance Conference will be held in Moscow on April 14-15. The insurance market today is going through active changes. The state of the insurance and reinsurance industry, its further development in the face of "post-COVID" realities, pricing policy, risk appetites of international companies, new opportunities will be discussed by the Conference participants.