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 = 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

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1H2014Insurance market overview pdf
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FY2013Insurance market overview pdf
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FY2011Insurance market overview pdf
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1H2011Insurance market overviewpdf
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2010Insurance market overviewpdf
2010Market portfolio and rankingsxls
2009Insurance market overviewpdf
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1H2010Russian insurance market overviewpdf
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1H2010Life insurance rankingsxls
1H2010Non-Life insurance rankingsxls

1H2017 Market Portfolio

1H2017 Insurance Companies Rankings

RNRC has launched a website in the Chinese language

Russian National Reinsurance Company is the first Russian reinsurer, whose Internet site became available in the Chinese language, which is the key language of South-East Asia. The Chinese language is the official language of China, Taiwan and Singapore, it is spoken worldwide by over 1.3 billion people.

STATISTICS: Russia FY2016: Strong growth in GWP supported by traditional lines of business

The Russian insurance market grew by 15.3% in GWP terms, in 2016, supported by traditional lines of business development. Life insurance and bancassurance distribution, as well as liability insurance for damage to third parties, property insurance, personal insurance and insurance of financial risks recorded the best resuls. At the same time a significant drop was seen in insurance of hazardous production objects due to decrease of tariffs.

RUSSIA: On for two months increased the fees of insurance premiums to 692 billion rubles

Transfer of administration of insurance contributions to the Federal tax service has led to the increase in fees — an increase in revenues of the state budget funds for the first two months of 2017, up 2% compared to the same period last year, said the head of the FTS Mikhail Mishustin, speaking on Tuesday at the Board of tax service.

RUSSIAN Central Bank revokes almost hundred licenses in 2016

In 2016, the Central Bank of Russia has revoked 97 licenses of banks, 17 licenses of non-state pension funds, 69 licenses of insurance companies and 32 license of management companies, the chief auditor of the Central Bank Valery Goregliad said at the Gaidar Forum.