Non-Life Insurance in Russia
Non-Life Insurance in Russia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Key Highlights
- Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
- The Russian non-life insurance market recorded gross written premiums of $19.9 billion in 2024, representing a compound annual growth rate (CAGR) of 3.0% between 2019 and 2024.
- The motor segment accounted for the market's largest proportion in 2024, with total gross written premiums of $7.6 billion, equivalent to 38.3% of the market's overall value.
- In 2024, the Russian non-life insurance market recorded an annual growth of 1.9%. The growth is driven by a rise in the number of active non-life insurance policies, which expanded the premium base and strengthened insurers’ recurring revenue streams. According to the Bank of Russia, in 2024, the number of active non-life insurance policies in Russia reached 339.1 million, up 14.7% annually.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Russia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Russia
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Russia non-life insurance market with five year forecasts by both value and volume
- What was the size of the Russia non-life insurance market by value in 2024?
- What will be the size of the Russia non-life insurance market in 2029?
- What factors are affecting the strength of competition in the Russia non-life insurance market?
- How has the market performed over the last five years?
- Who are the top competitors in Russia's non-life insurance market?
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Who are the leading players?
7.2. What are the strategies of the leading players?
7.3. What are the strengths of the leading players?
8 COMPANY PROFILES
8.1. SOGAZ Insurance Group
8.2. AlfaStrakhovanie Group
8.3. RESO-Garantiya
8.4. Ingosstrakh Joint-Stock Insurance Co Ltd
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Who are the leading players?
7.2. What are the strategies of the leading players?
7.3. What are the strengths of the leading players?
8 COMPANY PROFILES
8.1. SOGAZ Insurance Group
8.2. AlfaStrakhovanie Group
8.3. RESO-Garantiya
8.4. Ingosstrakh Joint-Stock Insurance Co Ltd
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: Russia non-life insurance market value: $ billion, 2019-24
Table 2: Russia non-life insurance market category segmentation: % share, by value, 2019-24
Table 3: Russia non-life insurance market category segmentation: $ billion, 2019-24
Table 4: Russia non-life insurance market geography segmentation: $ billion, 2024
Table 5: Russia non-life insurance market value forecast: $ billion, 2024-29
Table 6: SOGAZ Insurance Group: Key Facts
Table 7: SOGAZ Insurance Group: Key Employees
Table 8: AlfaStrakhovanie Group: Key Facts
Table 9: AlfaStrakhovanie Group: Key Employees
Table 10: RESO-Garantiya: Key Facts
Table 11: Ingosstrakh Joint-Stock Insurance Co Ltd: Key Facts
Table 12: Russia Size of Population (Million), 2020-24
Table 13: Russia Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 14: Russia GDP (Current Prices, $ Billion), 2020-24
Table 15: Russia Inflation, 2020-24
Table 16: Russia Consumer Price Index (Absolute), 2020-24
Table 17: Russia Exchange Rate, 2019-24
Table 1: Russia non-life insurance market value: $ billion, 2019-24
Table 2: Russia non-life insurance market category segmentation: % share, by value, 2019-24
Table 3: Russia non-life insurance market category segmentation: $ billion, 2019-24
Table 4: Russia non-life insurance market geography segmentation: $ billion, 2024
Table 5: Russia non-life insurance market value forecast: $ billion, 2024-29
Table 6: SOGAZ Insurance Group: Key Facts
Table 7: SOGAZ Insurance Group: Key Employees
Table 8: AlfaStrakhovanie Group: Key Facts
Table 9: AlfaStrakhovanie Group: Key Employees
Table 10: RESO-Garantiya: Key Facts
Table 11: Ingosstrakh Joint-Stock Insurance Co Ltd: Key Facts
Table 12: Russia Size of Population (Million), 2020-24
Table 13: Russia Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 14: Russia GDP (Current Prices, $ Billion), 2020-24
Table 15: Russia Inflation, 2020-24
Table 16: Russia Consumer Price Index (Absolute), 2020-24
Table 17: Russia Exchange Rate, 2019-24
LIST OF FIGURES
Figure 1: Russia non-life insurance market value: $ billion, 2019-24
Figure 2: Russia non-life insurance market category segmentation: $ billion, 2019-24
Figure 3: Russia non-life insurance market geography segmentation: % share, by value, 2024
Figure 4: Russia non-life insurance market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the non-life insurance market in Russia, 2024
Figure 6: Drivers of buyer power in the non-life insurance market in Russia, 2024
Figure 7: Drivers of supplier power in the non-life insurance market in Russia, 2024
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Russia, 2024
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Russia, 2024
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Russia, 2024
Figure 1: Russia non-life insurance market value: $ billion, 2019-24
Figure 2: Russia non-life insurance market category segmentation: $ billion, 2019-24
Figure 3: Russia non-life insurance market geography segmentation: % share, by value, 2024
Figure 4: Russia non-life insurance market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the non-life insurance market in Russia, 2024
Figure 6: Drivers of buyer power in the non-life insurance market in Russia, 2024
Figure 7: Drivers of supplier power in the non-life insurance market in Russia, 2024
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Russia, 2024
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Russia, 2024
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Russia, 2024
