Page 32 - Turkinsurance Digital Magazine

32 country profile

Age Structure in Russia GDP, comparison by sector

4,7%

15,53% 17,24%

14,31% 9,54% 32,4%

43,38%
62,3%

0-14 years 15-24 years
25-34 years 55-64 years Agriculture Industry Services
65 years and over

in the world by land borders, it does not have suitable soils due to mining industry, machinery and defense industry, transport, com-
unfavorable settlement for agriculture and a cold and dry climate. munications, construction, electronics, scientific instruments, and
textiles. The population rate below the poverty line in the country is
Ethnic groups in the country, where the capital dec Moscow, in- 12.6%, while the general unemployment rate is 4.6%.
clude such groups as Russian, Tatar, Ukrainian, Bashkir, Chuvash,
Chechen. The urban population is concentrated in Moscow, Saint The country's export potential is 379.12 billion USD, while the
Petesburg, Novosibirsk, Yekaterinburg, Nizhny Novrorod and Sa- countries with which it has an export partnership are China, the
mara, while 74.9% of the total population make up the urban pop- Netherlands, Belarus and Germany. The import potential is 304.68
ulation. The expected life expectancy in the country is 72.16 years. billion USD, and the cooperating countries in this area are Chi-
na, Germany, Belarus. The foreign exchange and gold reserves are
GDP per capita is 26.5 thousand USD known to be 432.7 billion dollars.
In Russia, health spending accounts for 5.3% of GDP, and educa-
tion spending accounts for 4.7%. And 99.7% of the population is Non-life branches are equal to 74% of the total insurance pre-
literate. There are Orthodox, Christian and Muslim sections in the mium
country where the Russian language dominates. The male popula- According to the information received from the annual report of
tion makes up about 46% of the total population, and the female Milli Reinsurance, the contraction in the economy, quarantine pro-
population makes up 54%. When we look at the distribution of the cesses and other measures taken by the Russian government for the
population according to age in the country, it is seen that 17.2% pandemic caused the market premium volume to decrease, but also
of the age of 0-14, 9.5% of the age of 15-24, 43.3% of the age of reduced the damage rate. In addition, due to the depreciation of the
25-34 and 14.3% of the age of 55-64 and the rate of age over 65 is Ruble, the premium volume decreased by 22% to 12.2 billion Euros
15.5%. In a country where the real GDP is known as 3.875 trillion in the third quarter of 2020, compared to the premium production
USD, the GDP per capita is 26.5 thousand USD. The main agricul- of 15.9 billion Euros in the same period of the previous year. In
tural products in the country are grain, sugar beet, sunflower seeds, parallel, there was a decrease in the damage rate by up to 19%.
vegetables, fruits, beef and milk. The main sectors are coal, oil, gas, As in previous years, non life branches accounted for 74% of the
total sector premium. An explosion at the fuel tank of the Norilsk
Insurance spending per capita (USD) Taimyr Thermal Power Plant in May 2020 caused a fuel leak of
21,000 tons. This leak, which affected 18 hectares of land at the
initial stage, also affected the nearby Daldikan River, a tributary of
178,9 152,2 the Ambarnaya River and an area of 350 km2 in width. The Russian
163,9
government had declared a state of emergency in the region due to
the incident, which was the second largest fuel leak the country had
122,8 experienced. The Russian Environmental Regulatory Agency said
116,8 the leak caused approximately 1.7 billion euros in damage to the
environment.

Premium production of 434.4 billion rubles in the second quar-
ter of the year
According to the report prepared by the Central Bank of Russia, the
2014 2015 2016 2017 2018 insurance sector in the country grew by 38.9 percent in the second