Opportunities In RussiaNot Nyet Russia Correspondent


When the Soviet Union ended in 1991, Russian citizens were not only free of state supervision of every aspect of their lives, they were no longer insured, in the conventional sense of that term, against lifes many risks. In a flash, Russians were transformed from the most protected to the least insured people in Europe.

Bridging that gap has been the task of the infant Russian insurance industry for just over a decade. Most Russian consumers still have not insured their homes, their moveable property, their health or their lives. Most small to mid-sized Russian corporations avoid insurance unless they are compelled by law.

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