Search
 

Insurers Making Progress In Russia

Insurers Making Progress In Russia Russias economic and entrepreneurial activity is both real and robust as well as encouraging. It is also an underestimated insurance ...

By Mark D. Mariska | Updated on July 15, 2001

Insurers Making Progress In Russia

Russias economic and entrepreneurial activity is both real and robust as well as encouraging. It is also an underestimated insurance market. Most macroeconomic indicators have improved over the past three years and the insurance business is becoming a central mechanism in a Russian economy that is making progress.

Generating an estimated $7 billion in premium in 2001, the insurance market is increasing at a rate of about 20 percent annually and should grow four times faster than the Russian gross domestic product in 2001.

Only 10 years ago insurance activity in Russia followed behind economic development, while now it is leading the economy. There should be continuing premium growth during the 2001-2005 time frame and total 2005 collected premium should reach $20 billion.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.