Key Market Indicators
Russian gross written premium is projected to reach $20.8 billion by 2026, a 0.9% decrease from 2021's $21.3 billion. Since 2011, the Russian insurance market has seen a 3.2% year-on-year growth rate. In 2021, Russia was the 22nd largest insurance market in the world, with Luxembourg in first place at $21.3 billion. The United Kingdom, Japan and Germany were second, third and fourth respectively.
