Russia
Zurich sells Russian retail business to OLMA Group
Zurich has agreed to sell its Russian retail business to investment firm OLMA Group, but will retain its Russian corporate business.
Europe: Russian Evolutions
Sberbank Strakhovanie looks set to become the leader of the Russian insurance market, Ingosstrakh and Alliance Zhizn change their management and Sogaz avoids US sanctions
Telematics provider targeting Russia with partnership deal
Telematics firm Risk Technology has partnered with a local insurer in a bid to crack the Russian market.
The Russian insurance market: Major events in Q1 2014
The first quarter of 2014 turned out to be a very calm period for the Russian insurance market. However, although nothing significant happened, there have been positive developments in the sector, says Paul Koshik,
Russian insurer reportedly axing Ukraine riot covers
Russian insurer Ingosstrakh has reportedly reduced operations of its Ukrainian subsidiary Ingo Ukraine in the face of ongoing political instability.
Russia: Aviation and space insurance
The Russian Association of Aviation and Space Insurers hosted its fifth international conference on aviation and space insurance in Russia in Moscow on 27 February.
Political risk cover becoming difficult in Ukraine and Russia, says Marsh
Insurers are pulling out of the political risk market in Russia and the Ukraine according to political risk experts at Marsh with existing policyholders facing increases on renewals.
Crimea crisis could cause rates increase as analysts predict strain on capacity
Commentators split on potential impact of sanctions against Russia.
Octo buyer to utilise telematics nous to penetrate Russian market
Renova Group is hoping to penetrate the Russian insurance market by tapping into telematics technology following its acquisition of Octo Telematics in a deal that is reported to be worth €408 million (£249m).
Brazil and Russia face increasing terrorism risk
Aon’s 2014 Terrorism and Political Violence Map has highlighted increasing risk in Brazil and Russia as the countries prepare to stage major sporting events in the form of the FIFA World Cup and the Winter Olympics.
Russia round-up: The fall of Rossia
The long-running conflict over motor third party liability insurance between the Russian government and insurance companies initially rocked the industry boat - however, in general, the insurance market remained steady this quarter (though not without…
Russia round-up: The fall of Rossia
The long-running conflict over motor third party liability insurance between the Russian government and insurance companies initially rocked the industry boat - however, in general, the insurance market remained steady this quarter (though not without…
Tinkoff takes Guidewire software to Russia
Direct-to-consumer insurer Tinkoff Online Insurance has chosen Guidewire Software’s Guidewire Insurance Suite as its platform for underwriting, rating and policy administration, claims management and billing.
Europe: Russia round-up
In the latest quarterly on the Russian insurance market, Paul Koshik reviews the motor sector, a busy period for recruitment and the big legal decisions.
Fico close on UK fraud deal after ‘bake-off’ success
The vice president of Fico’s global insurance and healthcare practice has revealed that it is close to striking a major deal in the UK counter-fraud space having "blown insurers away" with its latest offering.
Rocket crash likely to hit launch underwriters
A Russian rocket which exploded over Kazakhstan is unlikely to have been insured, but may still have implications for satellite underwriters.
Europe: The Russian motor market crisis
The Russian government is at odds with the country's motor insurers following controversial plans to amend claims limits, says Paul Koshik.
Coface downgrades Eurozone GDP after Germany concerns
Economists at cred insurer Coface, are downgrading their GDP growth forecast for the Eurozone, reflecting concern about Germany, the largest EU economy.
AGCS reveals Russian ambitions with new appointment
Allianz Global Corporate & Specialty’s head of underwriting co-ordination in growth markets, Philip Gronemeyer, is to become country manager for Russia.
AGCS targeting Russian growth with new chief
Allianz Global Corporate & Specialty has targeted Russia for growth, appointing its head of underwriting co-ordination in growth markets as country manager for Russia.
Chadbourne promotes EMEA partners
International law firm Chadbourne & Parke has promoted two staff to the newly created position of Europe, Middle East and Asia liaison partner.
Winter Olympics: There’s no business like snow business
With preparations well underway for February’s 2014 Winter Olympics in Sochi, Russia, are the organisers prepared for the risk of the Games?
Motor Insurance: Claims, lies and videotape
Dashboard cameras are commonplace in Russia to prove road accidents to the courts and to protect against police corruption. But what impact do they have on the insurance sector? Anne-Louise Fogtmann explains.
Generali takes full control of GPH
Generali Group has completed the purchase from PPF Group of the first tranche of shares in its Central and Eastern Europe joint venture Generali PPF Holding.