Russian Life Insurance Sector Analysed & Forecast by Timetric in Comprehensive Research Study Published at MarketPublishers.com14 Oct 2014 • by Natalie Aster
LONDON – Russia’s life segment grew at a significant rate following the world financial crisis during 2008–2009. The major reasons were an upsurge in public awareness with respect to life insurance products, rise in employment, as well as the government’s implementation of a range of laws to drive the insurance sector’s growth. The Russian life insurance sector is not very fully developed over against that of the BRIC nations. In terms of gross written premium, the life segment comprised around 4% of the overall gross written premium of the domestic insurance industry as of 2013. The primary reasons for the relatively low share of the segment are the nation’s absence of tax advantages for life insurance products and its underdeveloped private pension system. The majority of life insurance policies are bought as an exclusive requirement for people making a bank loan.
Comprehensive report “Life Insurance in Russia, Key Trends and Opportunities to 2018” prepared by Timetric analyses the Russian life insurance market.
The study offers granular historical and forecast market data relating to the Russian life insurance segment and also each of its categories. The study covers a detailed list of parameters, including total assets, written premiums, incurred loss, commissions and expenses, loss ratio, combined ratio, total investment income and retentions. It examines the key drivers and trends of the country’s life insurance segment, the distribution channels for life insurance products, the competitive scenario in the domestic life insurance market, as well as the life reinsurance segment and its growth prospects. The report sheds light on the growth opportunities and market dynamics within dominant product categories, looks at the major regulations and their influence on the players and the market's future, and also contains Porter's five forces analysis. Detailed profiles the leading companies including a comparison of the top five insurers are included as well.
Life Insurance in Russia, Key Trends and Opportunities to 2018
Published: September, 2014
Price: US$ 1,950.00
Other Countries Life Insurance Markets Reports by Timetric Include:
- Life Insurance in Brazil, Key Trends and Opportunities to 2018
- Life Insurance in the Czech Republic, Key Trends and Opportunities to 2018
- Life Insurance in Germany, Key Trends and Opportunities to 2018
More studies by the publisher can be found at Timetric page.