While much of the focus has traditionally been on the Far East as a potential alternative to mainstream protection and indemnity insurance, Russian marine insurers have been largely overlooked.

But there are five major insurance groups in Russia with substantial marine business lines that are currently eyeing growth in the international marine market.

The largest by far is Ingosstrakh, followed by AlfaStrakhovanie, Rosgosstrakh, Soglasie Insurance and Absolute Insurance.