Northern Asia (the area west of the Urals is considered part of Europe), bordering the Arctic Ocean, between Europe and the North Pacific Ocean

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)

Central Bank of the Russian Federation
Federal Insurance Supervision Service
Media - Information Group "Insurance Today"

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1H2017 Market Portfolio

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RUSSIA: A.M. Best Affirms Ratings of Insurance Company of Gaz Industry SOGAZ

A.M. Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of "bbb" of INSURANCE COMPANY OF GAZ INDUSTRY SOGAZ (SOGAZ) (Russia). The outlook for each rating remains negative. SOGAZ is the ultimate operating parent of the SOGAZ Group, which provides a range of insurance and non-insurance related services.

UPDATE: ALLIANZ Russia's IFS rating settled by Fitch at BBB- with a Negative Outlook, while National IFS rating stands at 'AAA (rus)' with a Stable Outlook

On July 7th, the Moscow office of Fitch Ratings has announced the assignment to Russia-based JSC IC Allianz (Allianz Russia) an Insurer Financial Strength (IFS) rating of 'BBB-' with Negative Outlook and a National IFS rating of 'AAA (rus)' with a Stable Outlook. The Negative Outlook mirrors that on Russia's sovereign Long-Term Local Currency IDR, therefore the company's  rating is in fact set at the maximal level available for any Russia-based company. 

RUSSIA: It will be possible to enter Azerbaijan from 1 August by "Green Card"

On August 1, 2016 Russian car owners will be able to enter the territory of Azerbaijan with the Russian insurance certificate "Green Card". The relevant agreement within the international motor third party liability insurance "Green Card" was signed by the Russian Union of Insurers and the Bureau of compulsory insurance of the Republic of Azerbaijan, informs

Russian President Vladimir PUTIN has signed the law regarding the creation of the National Reinsurance Company

The Russian President has recently signed the law which amends the Law on Organisation of the Insurance Industry in the Russian Federation to create a National Reinsurance Company (NRC), which was published accordingly in state's official web-portal. Previously, a bill in this regard was adopted by the State Duma of the Russian Federation in the third and final reading on 21 June 2016, after 2 months of debates.

Russia: The III-rd Annual Insurance Business Forum "Challenges of the year 2016" will be held on September 26-30, 2016 in Sochi

The III-rd Annual Insurance Business Forum "Challenges of the year 2016" will be held on September 26-30, 2016 in Swissotel Sochi Kamelia 5*, Sochi, Russia. Organizer - Reinsurance Committee of the All-Russian Insurance Association and Co organizer - DELOVOY Format Group. Traditionally, XPRIMM Publications will support the event as Media Partner.