Biggest Insurance Companies In Russia

Other large companies in russia by revenue.

Biggest insurance companies in russia. Russia insurance company list of russian insurance companies. Welcome to our article on the biggest russian insurance companies. Six of the 20 companies deal with oil and gas two with banking two with retailing two with utilities two with metallurgy and another two with transport. Per the bank of russia on all types of insurance life car travel house except health insurance from january to september 2016 it was accounted 886 billion of rubles in premiums.

A russia insurance company today is not what is was in years gone by. In 2016 the affiliated companies in the group reported combined gross written. The russian insurance market is dominated at the top by one stop insurers offering an array of personal and commercial insurance lines. Market reforms in the 1990s privatized much of russian industry and agriculture with notable exceptions to this privatization occurring in the energy and defense related sectors.

Russian insurance market statistics. In the third quarter of 2016 russian insurance companies continued to show positive dynamics in the context of the stabilizing of economic situation insurance market growth. Sogaz insurance group was established in 1993 quickly growing into the second largest insurance company in russia. The insurance sector has grown by leaps and bounds in this country in the past number of years.

Russia has an upper middle income mixed economy with state ownership in strategic areas of the economy. Things have dramatically changed over the years and indeed changed for the better for the citizens of russia.