The Russian insurance market grew, in GWP terms, by 9.5% compared to the similar period of 2016 and totaled RUB 645.97 billion in 1H2017, according to the data published by the Central Bank of  Russia.

The Russian National Reinsurance Company (RNRC) and SOGAZ Group have signed on behalf of the Russian Federation the BRICSs countries' Memorandum of development and cooperation in insurance and reinsurance.

The National Association of Insurance Adjusters (NAIA) took part on the work group session of All Russian Union of Insurers (VSS), dedicated to the updating of the professional standard #444 "Specialist in Insurance".

The Russian National Reinsurance Company (RNRC) has received the Egyptian market watchdog's approval to operate as a foreign reinsurer on the local specialty market, thus being included in the local official register of the foreign reinsurers.

The Russian National Reinsurance Company (RNRC) has got the Chinese market watchdog's approval to operate as a foreign reinsurer on the China's specialty market, a company's official press release said.

The Russian National Reinsurance Company (RNRC) ended 1H2017 with reinsurance premiums of RUB 3 billion, over 6 thousand concluded contracts and assets of RUB 25 billion, Nikolay GALUSHIN, President of company stated today.

"Implementation of the Solvency II regime in Russia will be a very complex process, but it is very good thing that it started and Insurance Europe is happy to support it all along," Michaela KOLLER, Director General, Insurance Europe said today.

"We consider the market's cleaning process has come to an end and we are having a more mature market now," Sergey SHVETSOV, First Vice President, Central Bank, Russian Federation stated today at the Russian Insurance Summit 2017, in Saint-Petersburg.

In 1Q2017, the volume of premiums accepted in reinsurance by the Russian companies decreased by 15.65% and totaled RUB 9,747.14 million, of which RUB 5,930.92 million accepted premiums inward of RF and 39.15% outward of the RF.

Alexander GAZIZOV, CEO, SBERBANK Insurance Broker and Chairman of the Supervisory Board of Broker's Kazakh unit, left the company, also ending his activity in the SBERBANK Group, being appointed as Deputy Chairman of the Board of JSC SOGAZ.

The trends in the insurance industry is the main topic addressed during the two-day event taking place on 21-22 September 2017 in Shanghai.

The 61st edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers ends today in Monte Carlo. The Nat Cat insurance protection gap, as well as the global insurance market readiness to deal with the increasing complexity of the cyber risks were among the most debated topics.

The latest edition of the XPRIMM Motor Insurance Report was launched in Monte Carlo, on the occasion of the "Rendez-Vous de Septembre", provind FY2016 statistical data and analisys for the CEE, SEE and CIS regions.

The 61st edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers has started yesterday in Monte Carlo. XPRIMM publications on the CEE, SEE and CIS insurance markets are available at the XPRIMM stand in Fairmont Hotel as well as at the other event's venues.

Swiss Re forecasts growing demand for new reinsurance solutions that help clients manage their portfolios and expand into new segments and markets, company's officials said at the press conference that took place Monday, in Monte Carlo. 

In the wake of the decision by the United Kingdom (UK) to leave the European Union (EU), insurers that access EU business through their UK companies have begun to unveil plans to establish additional subsidiaries, primarily in Ireland, Luxembourg or Belgium, according to an analysis presented by AM Best during Rendez-Vous de Septembre.

Most reinsurers gathered in Monte Carlo have expressed their concern with the lack of proper insurance protection of properties around the world, especially that the latest events have once again shown that climate change is a real challenge.