Insurance market in Russia - statistics & facts
Russia offers a variety of insurance types, allowing any individual or business to find a policy tailored to their needs. In a survey from 2023, consumers revealed that the most commonly owned type of insurance policy in Russia was health insurance, followed by car and life insurance. Even though the number of insurance companies has been following a negative trend over the past years, the Russian insurance industry was projected significant growth in 2023. Namely, the value of premiums written was forecast to increase by roughly eight percent between 2022 and 2023.
