SWISS RE STATES ONLY 25% OF RUSSIAN WHEAT INSURED

Swiss Re believes only 25% of Russian wheat is insured compared to 80% in the USA where the sector is subsidized. These are estimates presented by the second largest reinsurance company in the world. Swiss Re predicts that this year’s drought will encourage farmers in the Russian Federation to increasingly resort to insurance, also thanks to government support which finances 50% of insurance policies.

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