Russia insurance market recovery ‘fragile’, says AM Best

Central Bank of Russia building in Moscow Credit: iStock/Vladislav Zolotov

Russia’s insurance market is at a “turning point” following premium growth and stronger profitability last year, although the recovery is “fragile”, according to ratings analyst AM Best. It said threats facing the Russian insurance market could still have an adverse impact on market development and performance. In recent years, the number of Russian market players has significantly reduced to 199,…

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