Russia struggles to impose compulsory hazardous objects cover
It is almost five months since the new compulsory hazardous objects liability insurance came into force in Russia, and it has faced significant challenges to date.
The compulsory hazardous objects liability insurance (CHOLI) market was worth about $190m in the first quarter of 2012, or about 3% of the whole Russian insurance market. The forecast is about $1.1bn
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