Possitive momentum for Russia's insurance market, but threats remain

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      <subfield code="a">Development of the Russian insurance market has been tempered in recent years by geopolitical instability, economic stagnation, and the weak performance of the compulsory motor third-party liability (MTPL) segment. At the same time, more stringent oversight from the country's insurance regulator, the Central Bank of Russia (CBR), has led to a reduction in the number of market participants, as smaller (re)insurers have been unable to withstand the increase in regulatory scrutiny.</subfield>
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