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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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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1H2017 Market Portfolio

1H2017 Insurance Companies Rankings

RUSSIA: Central Bank: 80% of complaints falls on the insurance companies

The Bank of Russia has published data on citizens' complaints on non-credit financial institutions in the third quarter of 2016. Most, ie 80%, accounted for the subjects of insurance business: it is insurance companies, mutual insurance companies, insurance brokers, insurance actuaries. The report is published on the website of the Bank of Russia.

The XVth edition of the November Business Meetings of Reinsurers gathered over 230 re/insurance professionals from 21 countries

Between the 22 and 23 of November 2016, the XVth November Business Meetings of Reinsurers took place in Moscow, Russia. The event, which has already become a tradition, was organized by the Reinsurance Committee of the All-Russian Insurance Association and co-organized by DELOVOY Format ('Business Format') Group. Traditionally, XPRIMM Publications supported the event as Media Partner, being represented by Oleg DORONCEANU, Director, XPRIMM International.

Moscow is hosting the XVth edition of the November Business Meetings of Reinsurers

The anniversary XVth edition of the November Business Meetings of Reinsurers takes place between the 22-23 November, in Moscow, Russia. The event is organized by the Reinsurance Committee of the All-Russian Insurance Association and co-organized by DELOVOY Format Group. Traditionally, XPRIMM Publications support the event as Media Partner, being represented by Oleg DORONCEANU, Director, XPRIMM International.

Zurich insurance to Take USD 300 m Loss on Russian Unit Sale

Zurich coverage organization AG, the largest Swiss insurer, said the sale of its Russian retail unit will cause an anticipated loss of about USD 300 million. The insurer said it's miles promoting the enterprise to Moscow-based Olma group and intends to keep and build its Russian company enterprise, consistent with a declaration on its internet site these days.