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


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Latest news

RUSSIA: VTB and SOGAZ merger to be complete in October

According to the Head of VTB, Andrey KOSTIN, the merger of insurance businesses VTB and SOGAZ may be completed in October this year. As KOSTIN said, the parties already agreed on all issues in the merger.




RUSSIA: agro insurance in 1H2018 dropped by 36%

The agro insurance segment based on the Central Bank dropped by 36% to RUB 1.66 billion in the 1H 2018. The biggest contribution to the segment was made by agro insurance without state support (+2.8% to RUB 904.3 million), according to the National Association of Agriculture Insurers (NAAI).




RUSSIA: RAEX confirmed rating of RSHB-Insurance at ruAA, forecast stable

The National rating agency RAEX confirmed the rating of RSHB-Insurance at ruAA with a stable forecast, wrote ASN portal. RSHB-Insurance is an all-lines insurer, a subsidiary of ROSSELKHOZ Bank, as well as the leader of agro insurance with a market share of 48.6% of all the class' GWP in the country, based on the 1H result.


RUSSIA: VTB plans to close deal on selling its insurance business to Sogaz by end of year

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For the first 7 months of 2018 MTPL premiums of local insurers decreased by 1% to RUB 129.9 billion* y-o-y, at that paid claims demonstrated a more rapid declining trend (- 29%) to RUB 79.7 billion, according to the data from the Russian Association of Motor Insurers (RAMI).