Russian Non-Life Insurance Sector Examined by Timetric in Comprehensive Report Available at MarketPublishers.com13 Sep 2013 • by Natalie Aster
LONDON – During 2008–2012, the overall non-life insurance market in Russia increased at a CAGR of over 6%, fuelled by a number of government initiatives to improve the legal terrain, thuswise pushing up the demand for insurance products. The 2011-2012 years were marked by the introduction of the two new mandatory classes of insurance – carriers’ liability insurance for underground railways and hazardous industrial facilities insurance. Through 2017, Russia’s non-life insurance sector is forecast to be driven mainly by the introduction of new mandatory insurance policies, booming automotive and construction sectors and an upsurge in the limits for foreign direct investment.
The overall market is dominated by the motor insurance category with a share of nearly 60% as of 2012. Currently, about ten key players are active in the non-life insurance market in Russia. In 2011, the top ten insurance companies in Russia accounted for almost 80% of the overall market.
Comprehensive market research report “Non-Life Insurance in Russia, Key Trends and Opportunities to 2017” elaborated by Timetric draws up an elaborate picture of the Russian non-life insurance market.
The study presents a detailed overview of key market sub-segments during 2008–2012, along with providing granular forecasts until 2017. The study examines the competitive dynamics for the non-life insurance business in Russia, the market’s major growth prospects, drivers and trends. It covers an exhaustive list of market parameters, analyses the various distribution channels for non-life insurance products in the country, and profiles the top domestic non-life insurance companies and highlights the key regulations affecting them. A detailed analysis of the national reinsurance segment along with its growth prospects is included in the research, too.
Companies discussed in the report comprise: Rosgosstrakh (RGS), Ingosstrakh Insurance Company OJSC, AlfaStrakhovanie, Sogaz Insurance Group, Allianz Rosno, VSK Insurance, and Soglasie Insurance Company.
Non-Life Insurance in Russia, Key Trends and Opportunities to 2017
Published: August, 2013
Price: US$ 1,950.00
Other Timetric Reports on Insurance Markets in Russia Include:
- Reinsurance in Russia, Key Trends and Opportunities to 2017
- Life Insurance in Russia, Key Trends and Opportunities to 2017
- Personal Accident and Health Insurance in Russia, Key Trends and Opportunities to 2017
More studies by the publisher can be found at Timetric page.