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A.M. Best Special Report: Russia’s Insurance Revolution Begins to Gain Pace

Reported by Business Wire on Monday, 25 June 2012 (on June 25, 2012)

LONDON--(BUSINESS WIRE)--The Russian insurance sector is still young, characterised by a competitive and overcrowded market yet despite being fraught with challenges, it is changing radically, according to a new special report by A.M. Best. The report “Russia’s Insurance Revolution Begins to Gain Pace” notes insurance penetration is low, even when including compulsory lines such as medical cover, which has little or no risk-bearing element. A.M. Best anticipates that although insurers face chall

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