Russian market facing 'significant challenges' despite premium growth
A predicted 10% rise in non-life Russian premiums in 2014 would be largely a result of inflation and masks the inherent problems faced by the profession in the country, according to Axco Insurance Information Services.
In its latest report on the Russian insurance market, outlining the impact Western sanctions have had on an already fragile market, motor insurance was highlighted as an area of particular concern.
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