Russian Insurer Trade Group Says Its Market Is Soaring
NU Online News Service, May 26, 2:56 p.m. EDT?A major insurance industry association in Russia forecast this week that the country's fledgling insurance marketplace looks poised to continue its growth and could quintuple in size to $74.9 billion in premiums by 2010.[@@]
According to the All-Russian Insurers' Union, the largest insurer association in Russia, the country's growing ranks of private corporations, as well as an increasing number of affluent individuals, still have much to insure, and as insurance awareness continues to spread, more businesses and individual clients will begin to purchase insurance for their properties and liabilities.
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