Russia agro-insurance payouts hit 20B rubles, state support 11.5B

Russian agro-insurers paid 20 billion rubles under state-supported contracts for 2024-2026, against 11.5 billion in budget financing. The deputy minister frames this as proof the mechanism works, but the payout-to-support ratio implies significant underwriting losses or high claims, which may pressure insurers and signal systemic risk in the sector.