Russian insurer ROSNO introduces new weather insurance product

Russian insurer ROSNO, a subsidiary of Allianz, has launched a new weather insurance product for their clients. Allianz Risk Transfer assisted ROSNO in the development of this new product to protect clients against unfavourable weather. The Russian weather insurance market is still in development with not many products available easily. The read the full article →

Russian drought highlights urgent need for weather risk management

Parts of Russia are currently suffering from their worst drought conditions for years with some areas not having had any rain since April. This extreme dry season has occurred after the most severe winter suffered by Russia in many years which destroyed winter crops. So Russian farmers are having a read the full article →

Russia looking to insurance for agricultural weather risks

Russian newspapers are reporting that their government has been discussing plans to save the country's agricultural industry from drought risks. The Russian government want to shift the burden of agricultural weather risk to the private sector and insurers in particular. The Agricultural Ministry have issued a paper on state-supported agricultural insurance read the full article →