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



GENERALI has opened a Representative Office in Moscow

The Representative Office of GENERALI in Moscow was officially opened on 31 October 2018 by Luciano CIRINA, CEO of GENERALI CEE Holding and Regional Officer for Austria, CEE & Russia and the Chairman & CEO of GENERALI Russia & CIS, Giorgio CALLEGARI.

RUSSIA: national rating of SiV Life confirmed at ruAA

Expert RA confirmed the rating of SiV Life at ruAA with a stable forecast. As the key positive rating factor the agency pointed to the high financial potential of the company's owner, Talanx AG, one of the leaders in the European insurance market with high international ratings.

RUSSIA: SOGAZ and VTB merge completed

SOGAZ and VTB group completed 100% of the transfer of VTB Insurance. The merge involves all the companies of VTB group, including VTB Life insurance and VTB health insurance. All necessary approvals from regulatory authorities were received, according to SOGAZ.







Russia: ERGO to sell its life unit to ROSGOSSTRAKH

ROSGOSSTRAKH, one of the largest Russian non-life insurers is set to buy the local life insurance unit of German reinsurer MUNICH Re - ERGO Life, in a move to re-enter the life insurance segment.





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.