Russia

Introduction: 

The Russian Federation is the largest country in the world in terms of surface. It has a population of about 144.5 million inhabitants and the national currency is the Russian rouble.

The insurance sector is characterized by a low penetration rate. A positive trend is the growth and the importance of mandatory insurance which stimulates a positive financial performance of the market. Life insurance is a segment that marks the highest written premiums. Also, Russian insurers are proactive in looking for alternatives to improve customer experience, integrate new technologies and increase process efficiency.

 

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