(1) The COVID-19 pandemic in 2020 and the sharp decline in global oil prices has led to lower non-life premium income for many Russian insurers. However, according to a new AM Best report, life insurance premiums grew in the first nine months of 2020 as policyholders responded to the country's low interest rate environment and regulatory actions taken to improve customer trust. In the new Best's Market Segment Report, "COVID-19 and the Russian Insurance Market: Negative Implications for Premium Growth, but Opportunities for Innovation," AM Best notes that while COVID-19 presented challenges...