



Categories

Markets

Regulation
Time
1917 – 2004
Countries
United Arab Emirates
Up until the October Revolution Russia had a large and well developed insurance industry which was very active on the global markets. Some Russian insurers kept on doing business in the US market after 1917 as so-called orphaned companies. The Soviet Union nationalised insurance into the Gosstrakh which eventually was to become one of the world's largest insurers in terms of premium income.