Page 35 - Turkinsurance Digital Magazine

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RUSSIA

Russia is the world’s largest country, covering over
17 million 75 thousand square kilometers, and

is the world’s ninth most populous country with
a population of over 141 million. 165 insurance
companies operate in the Russian insurance
market, total premium volume standing at 24.3

billion USD as of 2018 year-end.

Governed as a federal dominant-party semi-presidential constitutional re-
public, Russia is a North Eurasian country. It borders 16 sovereign nations
including Norway, Finland, Estonia, Lithuania, Poland, Belarus, Ukraine,
Georgia, Kazakhstan, China, Mongolia and North Korea. The country spans
more than one-eighth of the Earth's inhabited land area, and is also the ninth
most populous country with a total population of over 141 million.

The country harbors numerous environmental and geographical formations,
and stretches over nine different time zones. With a rich historical heritage
spanning from East Slavs to the Byzantium Empire, from the Soviets to the
World War II; Russia also has the 9th largest economy in the world. Its
mineral and energy resources, oil and gas production and nuclear weapon
industry also make Russia a great power.

One of the top producers of oil and gas

A humid continental climate is dominant in Russia, but most of Northern
European Russia and Siberia has a subarctic climate. Polar climate is also
seen in this vast country. Russia’s most important natural resources include

Selected indicators for Russia

Population 141,7 million

GDP Per Capita 27.900 USD

Unemployment rate 5.2%
GDP 1.578 trillion USD

Public debt 15.5% of GDP

Number of insurance companies 165
Total premium production in 2017 24,3 billion USD

Reference: CIA, ARIA;OECD