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

Russia 1Q2019 Insurance Companies Rankings

Russia 1Q2019 Market Portfolio


See all statistics

Latest news


RUSSIA: RNRC announces appointment of new President - Natalia KARPOVA

Natalia KARPOVA, previous RNRC Deputy Chairman of the Board, was appointed as RNRC (Russian National Reinsurance Company) President, Chairman of the Board effective from July 1, 2019 based on the resolution of the Central Bank of Russia, as the company reported on its website.



RUSSIA: S&P upgraded SOGAZ to 'BBB', outlook stable

S&P Global Ratings raised its long-term issuer credit and financial strength ratings of SOGAZ to 'BBB', outlook stable, removing them from CreditWatch with developing implications, as the insurer informed on its website with reference to the agency's report.

RUSSIA: in May, INGOSSTRAKH ranked 1st on the MTPL market

According to the Russian Association of Motor Insurers, in May 2019 INGOSSTRAKH became the MTPL leader in terms of number of policies and GWP, while AlfaStrakhovanie held the leading positions for the period from January to May, ASN reports.




RUSSIA: SOGAZ comes back to leadership in the first quarter

In the first quarter of this year, SOGAZ was way ahead of last year's leader SBERBANK Life insurance, collecting RUB 80.1 billion in GWP (GWP of SBERBANK Life insurance reached RUB 37.5 billion), ASN reported based on the data of the Bank of Russia.


RUSSIA: Nikolay GALUSHIN leaves Presidency of RNRC July 1

The Russian National Reinsurance Company (RNRC) announced that Nikolay GALUSHIN, its President and Chairman will leave the position on July 1, 2019, "following the successful implementation of the launch and development of national reinsurer's activities, through the company's strategy".

RUSSIA: from January-March life GWP dropped by 5.5% y-o-y

According to Philipp GABUNIA, Director of the Insurance Market Department of the Bank of Russia, from January to March 2019, investment life insurance (ILI) GWP dropped by 26% y-o-y in an amount of RUB 46 billion, ASN reports.