Russia Insurance Report Q2 2016

Date: March 2, 2016
Pages: 52
US$ 1,295.00
Report type: Strategic Report
Delivery: Download

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Includes 3 FREE quarterly updates

BMI View: Following a weak domestic economy and currency movements, Russia's insurance sector is expected to recover from 2016 onwards - with double-digit growth in some of the non-life sub-segments. It is important to realise, however, that any escalations in regional tensions or more extensive sanctions could return the sector to a period of decline. Given that Russia's investment conditions will continue to improve over the coming years, we are optimistic to see multinationals' interests return and further feed into the sector's growth potential.

Key Updates And Forecasts

Both Russia's life and non-life insurance segments are expected to reap the benefits of economic improvements from 2016 onwards, which will entail a rise in GDP and customer spending power. Importantly, however, in light of high inflation rates and lower wages, customers may be less willing to spend their money on big ticket items such as motor vehicles and properties. While life insurance is reasonably concentrated, with 50% market share held by the top 3 players, non-life insurance is relatively more fragmented with the largest 3 players securing a third of the market. Over the coming years, we anticipate a degree of market consolidation in both major segments; especially among the smaller insurance providers.
BMI Industry View
  Table: Headline Insurance Forecasts (Russia 2013-2020)
Industry Forecast
Life Premiums Forecast
  Table: Life Premiums (Russia 2013-2020)
  Table: Life Insurance Claims (Russia 2008-2015)
Non-Life Premiums Forecast
  Table: Non-Life Premiums (Russia 2013-2020)
  Table: Non-Life Insurance Claims (Russia 2009-2015)
Non-Life Sub-Sector Forecast
  Table: Non-Life Insurance Premiums by Product Line (Russia 2013-2020)
Insurance Risk/Reward Index
Emerging Europe Risk/Reward Index
  Table: Emerging Europe Insurance Risk/Reward Index - Q216
Market Overview
Life Market Overview
The Product Offering
The Competitive Landscape
  Table: Russia Life Insurance Market (USDmn) 2009-2013
Non-Life Market Overview
The Product Offering
The Competitive Landscape
  Table: Russia Non-Life Insurance Market (USDmn) 2011-2013
Company Profile
Rosgosstrakh (RGS)
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Indicators
  Table: Weighting of Indicators
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