Russia
Europe: How did the Western Sanctions affect the Russian insurance market?
At the end of January the Council of the European Union agreed to extend existing sanctions against Russia. This move comes a year on from the introduction of the first set of sanctions, and now we can estimate its impact on the Russian insurance market.
Europe: Major Events in the Russian Insurance Market in Q1 2015
Paul Koshik looks back at the first quarter of this year in the Russian insurance market
Europe: Opportunities in Middle and Eastern Europe despite geopolitical risks
Despite the Russian-Ukraine crisis, 2014 brought hope of a revival for the regional market in Middle and Eastern Europe. Economic prospects have been positive, regardless of the continual geopo
Russian Roundup: Q4 2014
Insurance companies Allianz and AIG closed their business arms in Russia while Rosgosstrakh closed its Belarusian subdivision and continued to receive fines for breaching the law for selling compulsory motor third party liability insurance certificates
Russia deemed a 'grave source' of political risk uncertainty for 2015
Risk analyst Verisk Maplecroft has flagged Russia as a "grave source" of political risk uncertainty for 2015 with a high risk the Russian government will attempt to maintain its authority through external conflicts.
Russian market facing 'significant challenges' despite premium growth
A predicted 10% rise in non-life Russian premiums in 2014 would be largely a result of inflation and masks the inherent problems faced by the profession in the country, according to Axco Insurance Information Services.
Zurich completes sale of Russian retail business
Zurich Insurance Group has completed the sale of its general insurance retail business in Russia to OLMA Group.
UK firms warned over capitalising on Russian insurers’ exit from Ukraine
Conflict in the region tipped to push Ukrainian business westward
Russian roundup: Q3 2014
Paul Koshik takes a look at events in the Russian insurance market during the last quarter
Insurers to feel due diligence strain if trade sanctions against Russia broaden
EU’s new list of sanctions is on hold while Russia and Ukraine ceasefire is in place
Russian risk manager joins Ferma board
Four directors and one substitute are joining the board of the Federation of European Risk Management Associations.
Zurich sells Russian retail business to OLMA Group
Zurich has agreed to sell its Russian retail business to investment firm OLMA Group, but will retain its Russian corporate business.
Europe: Russian Evolutions
Sberbank Strakhovanie looks set to become the leader of the Russian insurance market, Ingosstrakh and Alliance Zhizn change their management and Sogaz avoids US sanctions
Telematics provider targeting Russia with partnership deal
Telematics firm Risk Technology has partnered with a local insurer in a bid to crack the Russian market.
The Russian insurance market: Major events in Q1 2014
The first quarter of 2014 turned out to be a very calm period for the Russian insurance market. However, although nothing significant happened, there have been positive developments in the sector, says Paul Koshik,
Russian insurer reportedly axing Ukraine riot covers
Russian insurer Ingosstrakh has reportedly reduced operations of its Ukrainian subsidiary Ingo Ukraine in the face of ongoing political instability.
Russia: Aviation and space insurance
The Russian Association of Aviation and Space Insurers hosted its fifth international conference on aviation and space insurance in Russia in Moscow on 27 February.
Political risk cover becoming difficult in Ukraine and Russia, says Marsh
Insurers are pulling out of the political risk market in Russia and the Ukraine according to political risk experts at Marsh with existing policyholders facing increases on renewals.
Crimea crisis could cause rates increase as analysts predict strain on capacity
Commentators split on potential impact of sanctions against Russia.
Octo buyer to utilise telematics nous to penetrate Russian market
Renova Group is hoping to penetrate the Russian insurance market by tapping into telematics technology following its acquisition of Octo Telematics in a deal that is reported to be worth €408 million (£249m).
Brazil and Russia face increasing terrorism risk
Aon’s 2014 Terrorism and Political Violence Map has highlighted increasing risk in Brazil and Russia as the countries prepare to stage major sporting events in the form of the FIFA World Cup and the Winter Olympics.
Russia round-up: The fall of Rossia
The long-running conflict over motor third party liability insurance between the Russian government and insurance companies initially rocked the industry boat - however, in general, the insurance market remained steady this quarter (though not without…
Russia round-up: The fall of Rossia
The long-running conflict over motor third party liability insurance between the Russian government and insurance companies initially rocked the industry boat - however, in general, the insurance market remained steady this quarter (though not without…
Tinkoff takes Guidewire software to Russia
Direct-to-consumer insurer Tinkoff Online Insurance has chosen Guidewire Software’s Guidewire Insurance Suite as its platform for underwriting, rating and policy administration, claims management and billing.