Russia: Life insurance premium volume, percent of GDP, 1996 - 2018:
For that indicator, we provide data for Russia from 1996 to 2018. The average value for Russia during that period was 0.39 percent with a minimum of 0.04 percent in 2008 and a maximum of 1.45 percent in 2001.
The latest value from 2018 is 0.43 percent. For comparison, the world average in 2018 based on 139
countries is 1.63 percent.
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use the country comparator to compare trends over time.
Definition: Ratio of life insurance premium volume to GDP. Premium volume is the insurer's direct premiums earned (if Property/Casualty) or received (if Life/Health) during the previous calendar year. Premium data are taken from various issues of Sigma reports (Swiss Re). Data on GDP in US dollars is from the electronic version of the World Development Indicators.