Life Insurance in Russia, Key Trends and Opportunities to 2016: Introduction of Tax Benefits on Life Insurance Products Key to Market Expansion

Date: January 20, 2012
Pages: 230
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US$ 1,950.00
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Publisher: Timetric
Report type: Strategic Report
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ID: L8762CF979FEN
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Life Insurance in Russia, Key Trends and Opportunities to 2016: Introduction of Tax Benefits on Life Insurance Products Key to Market Expansion
Synopsis

The report provides top-level market analysis, information and insights into the Russian life insurance market, including:
  • The Russian life insurance market’s growth prospects by life insurance categories and customer segments
  • The various distribution channels in the Russian life insurance market
  • The competitive landscape in the Russian life insurance market
  • A description of the life reinsurance market in Russia
Summary

Russia is the world’s nineteenth-largest insurance market in terms of gross written premium and has the most underdeveloped life insurance segment among the BRIC countries, with the life insurance segment contributing only 2.3% of the overall written premium for the total insurance industry in 2011. The Russian insurance industry registered significant growth during 2006–2008, before the global economic crisis of 2008. Although insurance industry growth slowed during 2009, it recovered quickly and is expected to continue to expand over the forecast period.

Scope

This report provides a comprehensive analysis of the life insurance market in Russia
  • It provides historical values for Russia's life insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
  • It offers a detailed analysis of the key sub-segments in Russia's life insurance market, along with market forecasts until 2016
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
  • It analyses the various distribution channels for life insurance products in Russia
  • Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Russia for the life insurance business
  • It provides a detailed analysis of the reinsurance market in Russia and its growth prospects
  • It profiles the top life insurance companies in Russia and outlines the key regulations affecting them
Reasons To Buy
  • Make strategic business decisions using top-level historic and forecast market data related to the Russian life insurance market and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Russian life insurance market
  • Assess the competitive dynamics in the life insurance market, along with the reinsurance segment
  • Identify the growth opportunities and market dynamics within key product categories
  • Gain insights into key regulations governing the Russian life insurance market and its impact on companies and the market's future
Key Highlights
  • Russia has the most underdeveloped life insurance segment among the BRIC countries, with the life insurance segment contributing only 2.3% of the overall written premium for the total insurance industry in 2011
  • The main barriers to the Russian life insurance segment’s expansion include the lack of tax benefits on life insurance products, the underdeveloped private pension system and the lack of trust for long-term insurance products among the Russian population
  • Over the forecast period, individual life insurance products are expected to grow significantly. The growth in the Russian life insurance segment will be driven by fresh capital inflows from a large number of foreign insurance companies entering the country, with many foreign companies expected to form joint ventures with their Russian counterparts, primarily due to increased consumer income levels
  • The Russian life insurance market is concentrated with the top ten companies capturing 74.8% of its gross written premiums in 2010. Major life insurance companies are planning to expand their product portfolios over the forecast period due to the high market growth opportunities
  • Any increase in minimum authorized capital requirements will lead to consolidation of the market
1 EXECUTIVE SUMMARY

2 INTRODUCTION

2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 RUSSIAN INSURANCE INDUSTRY ATTRACTIVENESS

3.1 Insurance Industry Market Size, 2007–2016
3.2 Key Industry Trends and Drivers
  3.2.1 Business drivers
  3.2.2 Consumer drivers
3.3 Recent Market Developments

4 LIFE INSURANCE MARKET OUTLOOK

4.1 Life Insurance Growth Prospects by Product Category
  4.1.1 Individual life insurance category market size, 2007–2016
  4.1.2 Individual general annuity category market size, 2007–2016
  4.1.3 Individual pension category market size, 2007–2016
  4.1.4 Group life insurance category market size, 2007–2016
  4.1.5 Group superannuation category market size, 2007–2016
4.2 Life Insurance Growth Prospects by Customer Segments
  4.2.1 Individual segment market size, 2007–2016
  4.2.2 Individual single premium category market size, 2007–2016
  4.2.3 Individual non-single premium category market size, 2007–2016
  4.2.4 Group segment market size, 2007–2016
  4.2.5 Group single premium category market size, 2007–2016
  4.2.6 Group non-single premium category market size, 2007–2016

5 ANALYSIS BY DISTRIBUTION CHANNEL

5.1 Direct marketing channel market size, 2007–2016
5.2 Bancassurance channel market size, 2007–2016
5.3 Agencies channel market size, 2007–2016
5.4 Other channel market size, 2007–2016

6 REGULATORY POLICIES

7 PORTER’S FIVE FORCES ANALYSIS – RUSSIAN LIFE INSURANCE MARKET

7.1 Bargaining Power of Supplier: medium to high
7.2 Bargaining Power of Buyer: medium to high
7.3 Barriers to Entry: medium
7.4 Intensity of Rivalry: medium to high
7.5 Threat of Substitutes: low to medium

8 REINSURANCE GROWTH DYNAMICS AND CHALLENGES

8.1 Reinsurance market size, 2007–2016
8.2 Reinsurance market size by type of insurance, 2007–2016

9 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS

9.1 Overview
9.2 Leading Companies in the Russian Life Insurance Market
9.3 SOGAZ Insurance Group – Company Overview
  9.3.1 SOGAZ Insurance Group – key facts
  9.3.2 SOGAZ Insurance Group – main products
  9.3.3 SOGAZ Insurance Group – main competitors
  9.3.4 SOGAZ Insurance Group – key employees
9.4 Rosgosstrakh-Stolitsa – Company Overview
  9.4.1 Rosgosstrakh-Stolitsa – key facts
  9.4.2 Rosgosstrakh-Stolitsa – main products
  9.4.3 Rosgosstrakh-Stolitsa – main competitors
  9.4.4 Rosgosstrakh-Stolitsa – key employees
9.5 Insurance Company Alico– Company Overview
  9.5.1 Insurance Company Alico – key facts
  9.5.2 Insurance Company Alico – main products
  9.5.3 Insurance Company Alico – main competitors
  9.5.4 Insurance Company Alico – key employees
9.6 Russian Standard Insurance – Company Overview
  9.6.1 Russian Standard Insurance – key facts
  9.6.2 Russian Standard Insurance – main products
  9.6.3 Russian Standard Insurance – main competitors
  9.6.4 Russian Standard Insurance – key employees
9.7 Alliance ROSNO Life – Company Overview
  9.7.1 Alliance ROSNO Life – key facts
  9.7.2 Alliance ROSNO Life – main products
  9.7.3 Alliance ROSNO Life – main competitors
  9.7.4 Alliance ROSNO Life – key employees
9.8 CiV Life– Company Overview
  9.8.1 CiV Life – key facts
  9.8.2 CiV Life – main products
  9.8.3 CiV Life – main competitors
  9.8.4 CiV Life – key employees
9.9 Generali PPF Life Insurance – Company Overview
  9.9.1 Generali PPF Life Insurance – key facts
  9.9.2 Generali PPF Life Insurance – main products
  9.9.3 Generali PPF Life Insurance – main competitors
  9.9.4 Generali PPF Life Insurance – key employees
9.1 Geopolis – Company Overview
  9.10.1 Geopolis – key facts
  9.10.2 Geopolis – main products
  9.10.3 Geopolis – main competitors
  9.10.4 Geopolis – key employees

10 BUSINESS ENVIRONMENT AND COUNTRY RISK

10.1 Business Confidence
  10.1.1 Business confidence indicator
  10.1.2 FDI inflows by sector
  10.1.3 Deployment of credit
10.2 Economic Performance
  10.2.1 GDP at constant prices (US dollars)
  10.2.2 GDP per capita at constant prices (US dollars)
  10.2.3 GDP at current prices (US dollars)
  10.2.4 GDP per capita at current prices (US dollars)
  10.2.5 GDP by key sectors
  10.2.6 Agricultural net output at current prices (Russian ruble)
  10.2.7 Agriculture net output at current prices (US dollars)
  10.2.8 Agriculture net output at current prices as a percentage of GDP
  10.2.9 Manufacturing net output at current prices (Russian ruble)
  10.2.10 Manufacturing net output at current prices (US dollars)
  10.2.11 Manufacturing net output at current prices as a percentage of GDP
  10.2.12 Mining, manufacturing and utilities net output at current prices (Russian ruble)
  10.2.13 Mining, manufacturing and utilities at current prices (US dollars)
  10.2.14 Mining, manufacturing and utilities at current prices as a percentage of GDP
  10.2.15 Construction net output at current prices (Russian ruble)
  10.2.16 Construction net output at current prices (US dollars)
  10.2.17 Construction net output at current prices as a percentage of GDP
  10.2.18 Crude steel production
  10.2.19 Crude oil consumption
  10.2.20 Inflation rate
  10.2.21 Fiscal balance as a percentage of GDP
  10.2.22 Current account balance as a percentage of GDP
  10.2.23 Exports as a percentage of GDP
  10.2.24 Imports as a percentage of GDP
  10.2.25 Exports growth
  10.2.26 Imports growth
  10.2.27 External debt as a percentage of GDP
  10.2.28 Annual average exchange rate US$–KRW
  10.2.29 End-of-period exchange rate US$–KRW
  10.2.30 Debt service ratio
10.3 Infrastructure Quality and Availability
  10.3.1 Total airports and sea ports
  10.3.2 Railways and highways
  10.3.3 Passenger vehicle production volume
  10.3.4 Commercial vehicle production trend
  10.3.5 Automotive components exports trend
  10.3.6 Automotive components imports trend
  10.3.7 Passenger vehicle export trend
  10.3.8 Passenger car penetration
  10.3.9 Total installed capacity for electricity generation
  10.3.10 Installed capacity for the generation of conventional thermal electricity
  10.3.11 Electricity production
  10.3.12 Installed capacity for the generation of hydroelectricity
  10.3.13 Installed capacity for renewable electricity generation
  10.3.14 Electricity exports
  10.3.15 Electricity imports
  10.3.16 Healthcare expenditure
  10.3.17 Healthcare expenditure as a percentage of GDP
  10.3.18 Healthcare expenditure per capita
  10.3.19 Broadband internet subscribers
  10.3.20 Personal computer penetration
  10.3.21 Mobile phone penetration rate
  10.3.22 R&D Expenditure as a percentage of GDP
10.4 Labor Force
  10.4.1 Labor force
  10.4.2 Unemployment rate
10.5 Demographics
  10.5.1 Annual disposable income
  10.5.2 Annual per capita disposable income
  10.5.3 Annual consumer expenditure on food
  10.5.4 Annual per capita consumer expenditure on food
  10.5.5 Total population
  10.5.6 Urban and rural population
  10.5.7 Female percentage of population
  10.5.8 Male percentage of population
  10.5.9 Mean age of population
  10.5.10 Median age of population
  10.5.11 Population density
  10.5.12 Age distribution of the total population
  10.5.13 Age distribution of the male population
  10.5.14 Age distribution of the female population
  10.5.15 Number of households
10.6 Political and Social Risk
  10.6.1 Political stability
  10.6.2 Terrorism Index
  10.6.3 Transparency index

11 APPENDIX

11.1 Methodology
11.2 Contact us
11.3 About Timetric
11.4 Disclaimer

LIST OF TABLES

Table 1: Insurance Industry Definitions
Table 2: Russia Insurance Overall Written Premium by Segment (RUB Billion), 2007–2011
Table 3: Russia Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: Russia Insurance Overall Written Premium by Segment (RUB Billion), 2011–2016
Table 5: Russia Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: Russia Insurance Segmentation (%), 2007–2016
Table 7: Life Insurance Written Premium by Category (RUB Billion), 2007–2011
Table 8: Life Insurance Written Premium by Category (US$ Billion), 2007–2011
Table 9: Life Insurance Written Premium by Category (RUB Billion), 2011–2016
Table 10: Life Insurance Written Premium by Category (US$ Billion), 2011–2016
Table 11: Life Insurance Market – Incurred Loss (RUB Billion), 2007–2011
Table 12: Life Insurance Market – Incurred Loss (RUB Billion), 2011–2016
Table 13: Life Insurance Market – Loss Ratio (%), 2007–2011
Table 14: Life Insurance Market – Loss Ratio (%), 2011–2016
Table 15: Life Insurance Market – Commissions and Expenses (RUB Billion), 2007–2011
Table 16: Life Insurance Market – Commissions and Expenses (RUB Billion), 2011–2016
Table 17: Life Insurance Market – Combined Ratio (%), 2007–2011
Table 18: Life Insurance Market – Combined Ratio (%), 2011–2016
Table 19: Life Insurance Market – Frauds and Crimes (RUB Billion), 2007–2011
Table 20: Life Insurance Market – Frauds and Crimes (RUB Billion), 2011–2016
Table 21: Life Insurance Market – Total Assets (RUB Billion), 2007–2011
Table 22: Life Insurance Market – Total Assets (RUB Billion), 2011–2016
Table 23: Life Insurance Market – Total Investment Income (RUB Billion), 2007–2011
Table 24: Life Insurance Market – Total Investment Income (RUB Billion), 2011–2016
Table 25: Life Insurance Market – Retentions (RUB Billion), 2007–2011
Table 26: Life Insurance Market – Retentions (RUB Billion), 2011–2016
Table 27: Individual Life Insurance Category by Volume (’000), 2007–2011
Table 28: Individual Life Insurance Category by Volume (’000), 2011–2016
Table 29: Individual Life Insurance Category by Written Premium (RUB Billion), 2007–2011
Table 30: Individual Life Insurance Category by Written Premium (RUB Billion), 2011–2016
Table 31: Individual General Annuity Insurance Category by Volume (’000), 2007–2011
Table 32: Individual General Annuity Insurance Category by Volume (’000), 2011–2016
Table 33: Individual General Annuity Insurance Category by Written Premium (RUB Billion), 2007–2011
Table 34: Individual General Annuity Insurance Category by Written Premium (RUB Billion), 2011–2016
Table 35: Individual Pension Insurance Category by Volume (’000), 2007–2011
Table 36: Individual Pension Insurance Category by Volume (’000), 2011–2016
Table 37: Individual Pension Insurance Category by Written Premium (RUB Billion), 2007–2011
Table 38: Individual Pension Insurance Category by Written Premium (RUB Billion), 2011–2016
Table 39: Group life Insurance Category by Volume (’000), 2007–2011
Table 40: Group life Insurance Category by Volume (’000), 2011–2016
Table 41: Group life Insurance Category by Written Premium (RUB Billion), 2007–2011
Table 42: Group Life Insurance Category by Written Premium (RUB Billion), 2011–2016
Table 43: Group Superannuation Category by Volume (’000), 2007–2011
Table 44: Group Superannuation Category by Volume (’000), 2011–2016
Table 45: Group Superannuation Category by Written Premium (RUB Billion), 2007–2011
Table 46: Group Superannuation Category by Written Premium (RUB Billion), 2011–2016
Table 47: Individual Single Premium Category by Volume (’000), 2007–2011
Table 48: Individual Single Premium Category by Volume (’000), 2011–2016
Table 49: Individual Single Premium Category by Written Premium (RUB Billion), 2007–2011
Table 50: Individual Single Premium Category by Written Premium (RUB Billion), 2011–2016
Table 51: Individual Non-Single Premium Category by Volume (’000), 2007–2011
Table 52: Individual Non-Single Premium Category by Volume (’000), 2011–2016
Table 53: Individual Non-Single Premium Category by Written Premium (RUB Billion), 2007–2011
Table 54: Individual Non-Single Premium Category by Written Premium (RUB Billion), 2011–2016
Table 55: Group Single Premium Category by Volume (’000), 2007–2011
Table 56: Group Single Premium Category by Volume (’000), 2011–2016
Table 57: Group Single Premium Category by Written Premium (RUB Billion), 2007–2011
Table 58: Group Single Premium Category by Written Premium (RUB Billion), 2011–2016
Table 59: Group Non-Single Premium Category by Volume (’000), 2007–2011
Table 60: Group Non-Single Premium Category by Volume (’000), 2011–2016
Table 61: Group Non-Single Premium Category by Written Premium (RUB Billion), 2007–2011
Table 62: Group Non-Single Premium Category by Written Premium (RUB Billion), 2011–2016
Table 63: Life Insurance Market – Direct Marketing Commission Paid (RUB Billion), 2007–2011
Table 64: Life Insurance Market –Direct Marketing Commission Paid (RUB Billion), 2011–2016
Table 65: Life Insurance Market – Written Premium Through Direct Marketing (RUB Billion), 2007–2011
Table 66: Life Insurance Market – Written Premium Through Direct Marketing (RUB Billion), 2011–2016
Table 67: Life Insurance Market – Policies Sold Through Direct Marketing (‘000), 2007–2011
Table 68: Life Insurance Market – Policies Sold Through Direct Marketing (‘000), 2011–2016
Table 69: Life Insurance Market – Number of Direct Marketing Distributors, 2007–2011
Table 70: Life Insurance Market – Number of Direct Marketing Distributors, 2011–2016
Table 71: Life Insurance Market – Bancassurance Commission Paid (RUB Billion), 2007–2011
Table 72: Life Insurance Market – Bancassurance Commission Paid (RUB Billion), 2011–2016
Table 73: Life Insurance Market – Written Premium Through Bancassurance (RUB Billion), 2007–2011
Table 74: Life Insurance Market – Written Premium Through Bancassurance (RUB Billion), 2011–2016
Table 75: Life Insurance Market – Policies Sold Through Bancassurance (‘000), 2007–2011
Table 76: Life Insurance Market – Policies Sold Through Bancassurance (‘000), 2011–2016
Table 77: Life Insurance Market – Number of Bancassurance Distributors, 2007–2011
Table 78: Life Insurance Market – Number of Bancassurance Distributors, 2011–2016
Table 79: Life Insurance Market – Commission Paid to Agencies (RUB Billion), 2007–2011
Table 80: Life Insurance Market – Commission Paid to Agencies (RUB Billion), 2011–2016
Table 81: Life Insurance Market – Written Premium Through Agencies (RUB Billion|), 2007–2011
Table 82: Life Insurance Market – Written Premium Through Agencies (RUB Billion), 2011–2016
Table 83: Life Insurance Market – Policies Sold Through Agencies (‘000), 2007–2011
Table 84: Life Insurance Market – Policies Sold Through Agencies (‘000), 2011–2016
Table 85: Life Insurance Market – Number of Agencies, 2007–2011
Table 86: Life Insurance Market – Number of Agencies, 2011–2016
Table 87: Life Insurance Market – Commission Paid to Other Channels (RUB Billion), 2007–2011
Table 88: Life Insurance Market – Commission Paid to Other Channels (RUB Billion), 2011–2016
Table 89: Life Insurance Market – Written Premium Through Other Channels (RUB Billion), 2007–2011
Table 90: Life Insurance Market – Written Premium Through Other Channels (RUB Billion), 2011–2016
Table 91: Life Insurance Market – Policies Sold Through Other Channels (‘000), 2007–2011
Table 92: Life Insurance Market – Policies Sold Through Other Channels (‘000), 2011–2016
Table 93: Life Insurance Market – Number of Distributors in Other Channels, 2007–2011
Table 94: Life Insurance Market – Number of Distributors in Other Channels, 2011–2016
Table 95: Reinsurance Market in Russia by Category (RUB Billion), 2007–2011
Table 96: Reinsurance Market in Russia by Category (US$ Billion), 2007–2011
Table 97: Reinsurance Market in Russia by Category (RUB Billion), 2011–2016
Table 98: Reinsurance Market in Russia by Category (US$ Billion), 2011–2016
Table 99: Reinsurance Ceded by Type of Insurance (RUB Billion), 2007–2011
Table 100: Reinsurance Ceded by Type of Insurance (US$ Billion), 2007–2011
Table 101: Reinsurance Ceded by Type of Insurance (RUB Billion), 2011–2016
Table 102: Reinsurance Ceded by Type of Insurance (US$ Billion), 2011–2016
Table 103: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 104: Life Insurance – Percentage of Reinsurance Ceded (%),2011–2016
Table 105: Life Insurance Market Share (%), 2010
Table 106: SOGAZ Insurance Group – Key Facts
Table 107: SOGAZ Insurance Group – Main Products
Table 108: SOGAZ Insurance Group – Key Employees
Table 109: Rosgosstrakh-Stolitsa – Key Facts
Table 110: Rosgosstrakh-Stolitsa – Main Products
Table 111: Rosgosstrakh-Stolitsa – Key Employees
Table 112: Insurance Company Alico – Key Facts
Table 113: Insurance Company Alico – Main Products
Table 114: Insurance Company Alico – Key Employees
Table 115: Russian Standard Insurance – Key Facts
Table 116: Russian Standard Insurance – Main Products
Table 117: Russian Standard Insurance – Key Employees
Table 118: Alliance ROSNO Life – Key Facts
Table 119: Alliance ROSNO Life – Main Products
Table 120: Alliance ROSNO Life – Key Employees
Table 121: CiV Life – Key Facts
Table 122: CiV Life – Main Products
Table 123: CiV Life – Key Employees
Table 124: Generali PPF Life Insurance – Key Facts
Table 125: Generali PPF Life Insurance – Main Products
Table 126: Generali PPF Life Insurance – Key Employees
Table 127: Geopolis – Key Facts
Table 128: Geopolis – Main Products
Table 129: Geopolis – Key Employees

LIST OF FIGURES

Figure 1: Russia Insurance Overall Written Premium by Segment (RUB Billion), 2007–2016
Figure 2: Russia Insurance Market Dynamics by Segment, 2007–2016
Figure 3: Life Insurance Written Premium by Category (RUB Billion), 2007–2016
Figure 4: Life Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 5: Life Insurance Market Dynamics by Category, 2007–2016
Figure 6: Life Insurance Market – Incurred Loss (RUB Billion), 2007–2011
Figure 7: Life Insurance Market – Incurred Loss (RUB Billion), 2011–2016
Figure 8: Life Insurance Market – Loss Ratio (%), 2007–2011
Figure 9: Life Insurance Market – Loss Ratio (%), 2011–2016
Figure 10: Life Insurance Market – Commissions and Expenses (RUB Billion), 2007–2011
Figure 11: Life Insurance Market – Commissions and Expenses (RUB Billion), 2011–2016
Figure 12: Life Insurance Market – Combined Ratio (%), 2007–2011
Figure 13: Life Insurance Market – Combined Ratio (%), 2011–2016
Figure 14: Life Insurance Market – Frauds and Crimes (RUB Billion), 2007–2011
Figure 15: Life Insurance Market – Frauds and Crimes (RUB Billion), 2011–2016
Figure 16: Life Insurance Market – Total Assets (RUB Billion), 2007–2011
Figure 17: Life Insurance Market – Total Assets (RUB Billion), 2011–2016
Figure 18: Life Insurance Market – Total Investment Income (RUB Billion), 2007–2011
Figure 19: Life Insurance Market – Total Investment Income (RUB Billion), 2011–2016
Figure 20: Life Insurance Market – Retentions (RUB Billion), 2007–2011
Figure 21: Life Insurance Market – Retentions (RUB Billion), 2011–2016
Figure 22: Life Insurance Market – Investment Type (RUB Billion), 2007–2011
Figure 23: Life Insurance Market – Investment Type, 2007 and 2011
Figure 24: Life Insurance Market – Density and Penetration (%), 2007–2011
Figure 25: Life Insurance Market – Number of Policies Sold (’000), 2007–2011
Figure 26: Life Insurance Market – Number of Policies Sold (’000), 2011–2016
Figure 27: Life Insurance Market – Premium Per-capita (RUB), 2007–2011
Figure 28: Individual Life Insurance Category by Volume (’000), 2007–2011
Figure 29: Individual Life Insurance Category by Volume (’000), 2011–2016
Figure 30: Individual Life Insurance Category by Written Premium (RUB Billion), 2007–2011
Figure 31: Individual Life Insurance Category by Written Premium (RUB Billion), 2011–2016
Figure 32: Individual General Annuity Insurance Category by Volume (’000), 2007–2011
Figure 33: Individual General Annuity Insurance Category by Volume (’000), 2011–2016
Figure 34: Individual General Annuity Insurance Category by Written Premium (RUB Billion), 2007–2011
Figure 35: Individual General Annuity Insurance Category by Written Premium (RUB Billion), 2011–2016
Figure 36: Individual Pension Insurance Category by Volume (’000), 2007–2011
Figure 37: Individual Pension Insurance Category by Volume (’000), 2011–2016
Figure 38: Individual Pension Insurance Category by Written Premium (RUB Billion), 2007–2011
Figure 39: Individual Pension Insurance Category by Written Premium (RUB Billion), 2011–2016
Figure 40: Group life Insurance Category by Volume (’000), 2007–2011
Figure 41: Group life Insurance Category by Volume (’000), 2011–2016
Figure 42: Group life Insurance Category by Written Premium (RUB Billion), 2007–2011
Figure 43: Group Life Insurance Category by Written Premium (RUB Billion), 2011–2016
Figure 44: Group Superannuation Category by Volume (’000), 2007–2011
Figure 45: Group Superannuation Category by Volume (’000), 2011–2016
Figure 46: Group Superannuation Category by Written Premium (RUB Billion), 2007–2011
Figure 47: Group Superannuation Category by Written Premium (RUB Billion), 2011–2016
Figure 48: Individual Single Premium Category by Volume (’000), 2007–2011
Figure 49: Individual Single Premium Category by Volume (’000), 2011–2016
Figure 50: Individual Single Premium Category by Written Premium (RUB Billion), 2007–2011
Figure 51: Individual Single Premium Category by Written Premium (RUB Billion), 2011–2016
Figure 52: Individual Non-Single Premium Category by Volume (’000), 2007–2011
Figure 53: Individual Non-Single Premium Category by Volume (’000), 2011–2016
Figure 54: Individual Non-Single Premium Category by Written Premium (RUB Billion), 2007–2011
Figure 55: Individual Non-Single Premium Category by Written Premium (RUB Billion), 2011–2016
Figure 56: Group Single Premium Category by Volume (’000), 2007–2011
Figure 57: Group Single Premium Category by Volume (’000), 2011–2016
Figure 58: Group Single Premium Category by Written Premium (RUB Billion), 2007–2011
Figure 59: Group Single Premium Category by Written Premium (RUB Billion), 2011–2016
Figure 60: Group Non-Single Premium Category by Volume (’000), 2007–2011
Figure 61: Group Non-Single Premium Category by Volume (’000), 2011–2016
Figure 62: Group Non-Single Premium Category by Written Premium (RUB Billion), 2007–2011
Figure 63: Group Non-Single Premium Category by Written Premium (RUB Billion), 2011–2016
Figure 64: Life Insurance New Business Written Premium – Market Shares by Distribution Channel, 2011 and 2016
Figure 65: Life Insurance Market – Direct Marketing Commission Paid (RUB Billion), 2007–2011
Figure 66: Life Insurance Market – Direct Marketing Commission Paid (RUB Billion), 2011–2016
Figure 67: Life Insurance Market – Written Premium Through Direct Marketing (RUB Billion), 2007–2011
Figure 68: Life Insurance Market – Written Premium Through Direct Marketing (RUB Billion), 2011–2016
Figure 69: Life Insurance Market – Policies Sold Through Direct Marketing (‘000), 2007–2011
Figure 70: Life Insurance Market – Policies Sold Through Direct Marketing (‘000), 2011–2016
Figure 71: Life Insurance Market – Number of Direct Marketing Distributors, 2007–2011
Figure 72: Life Insurance Market – Number of Direct Marketing Distributors, 2011–2016
Figure 73: Life Insurance Market – Bancassurance Commission Paid (RUB Billion), 2007–2011
Figure 74: Life Insurance Market – Bancassurance Commission Paid (RUB Billion), 2011–2016
Figure 75: Life Insurance Market – Written Premium Through Bancassurance (RUB Billion), 2007–2011
Figure 76: Life Insurance Market – Written Premium Through Bancassurance (RUB Billion), 2011–2016
Figure 77: Life Insurance Market – Policies Sold Through Bancassurance (‘000), 2007–2011
Figure 78: Life Insurance Market – Policies Sold Through Bancassurance (‘000), 2011–2016
Figure 79: Life Insurance Market – Number of Bancassurance Distributors, 2007–2011
Figure 80: Life Insurance Market – Number of Bancassurance Distributors, 2011–2016
Figure 81: Life Insurance Market – Commission Paid to Agencies (RUB Billion), 2007–2011
Figure 82: Life Insurance Market – Commission Paid to Agencies (RUB Billion), 2011–2016
Figure 83: Life Insurance Market – Written Premium Through Agencies (RUB Billion), 2007–2011
Figure 84: Life Insurance Market – Written Premium Through Agencies (RUB Billion), 2011–2016
Figure 85: Life Insurance Market – Policies Sold Through Agencies (‘000), 2007–2011
Figure 86: Life Insurance Market – Policies Sold Through Agencies (‘000), 2011–2016
Figure 87: Life Insurance Market – Number of Agencies, 2007–2011
Figure 88: Life Insurance Market – Number of Agencies, 2011–2016
Figure 89: Life Insurance Market – Commission Paid to Other Channels (RUB Billion), 2007–2011
Figure 90: Life Insurance Market – Commission Paid to Other Channels (RUB Billion), 2011–2016
Figure 91: Life Insurance Market – Written Premium Through Other Channels (RUB Billion), 2007–2011
Figure 92: Life Insurance Market – Written Premium Through Other Channels (RUB Billion), 2011–2016
Figure 93: Life Insurance Market – Policies Sold Through Other Channels (‘000), 2007–2011
Figure 94: Life Insurance Market – Policies Sold Through Other Channels (‘000), 2011–2016
Figure 95: Life Insurance Market – Number of Distributors in Other Channels, 2007–2011
Figure 96: Life Insurance Market – Number of Distributors in Other Channels, 2011–2016
Figure 97: Russian Life Insurance Market – Five Forces Analysis
Figure 98: Premium Ceded to Reinsurance by Category (RUB Billion), 2007–2016
Figure 99: Reinsurance Premium Share by Category (%), 2011 and 2016
Figure 100: Reinsurance Market Dynamics by Category, 2007–2016
Figure 101: Reinsurance Ceded by Type of Insurance (RUB Billion), 2007–2016
Figure 102: Reinsurance Market Dynamics by Type of Insurance, 2007–2016
Figure 103: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 104: Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 105: Life Insurance Market Share (%), 2010
Figure 106: Russian Trading System – Market Capitalization (US$ Billion), 2003–2009
Figure 107: Russian FDI Inflows by Sector (US$ Billion), 2003–2009
Figure 108: Russian Deployment of Credit by (US$ billion), 2003–2009
Figure 109: Russian GDP at Constant Prices (US$ Billion), 2007–2016
Figure 110: Russian GDP Per Capita at Constant Prices (US$), 2007–2016
Figure 111: Russian GDP at Current Prices (US$ Trillion), 2007–2016
Figure 112: Russian GDP Per Capita at Current Prices (US$), 2007–2016
Figure 113: Russian GDP Split by Key Segments (%), 2003 and 2009
Figure 114: Russian Agriculture Net Output at Current Prices (RUB Trillion), 2007–2016
Figure 115: Russian Agriculture Net Output at Current Prices (US$ Billion), 2007–2016
Figure 116: Russian Agriculture Net Output at Current Prices as Percentage of GDP (%), 2007–2016
Figure 117: Russian Manufacturing Net Output at Current Prices (RUB Trillion), 2007–2016
Figure 118: Russian Manufacturing Net Output at Current Prices (US$ Billion), 2007–2016
Figure 119: Russian Manufacturing Net Output at Current Prices as a percentage of GDP (%), 2007–2016
Figure 120: Russian Mining, Manufacturing and Utilities Net Output at Current Prices (RUB Trillion), 2007–2016
Figure 121: Russian Mining, Manufacturing and Utilities Output at Current Prices (US$ Billion), 2007–2016
Figure 122: Russian Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 123: Russian Construction Net Output at Current Prices (RUB Trillion), 2007–2016
Figure 124: Russian Construction Net Output at Current Prices (US$ Billion), 2007–2016
Figure 125: Russian Construction Output at Current Prices as Percentage of GDP (%), 2007–2016
Figure 126: Russian Crude Steel Production (Million Metric Tons), 2007–2016
Figure 127: Russian Crude Oil Consumption (Million Tons), 2007–2016
Figure 128: Russian Inflation Rate (%), 2007–2016
Figure 129: Russian Fiscal Balance as a Percentage of GDP (%), 2007–2011
Figure 130: Russian Current Account Balance as Percentage of GDP (%), 2007–2011
Figure 131: Russian Exports as a Percentage of GDP (%), 2007–2016
Figure 132: Russian Imports as a Percentage of GDP (%), 2007–2016
Figure 133: Russian Exports Growth (%), 2007–2016
Figure 134: Russian Imports Growth (%), 2007–2016
Figure 135: Russian External Debt as a Percentage of GDP (%), 2007–2011
Figure 136: Russian Annual Average Exchange Rate US$–RUB, 2007–2010
Figure 137: Russian End of the Period Exchange Rate US$–RUB, 2007–2010
Figure 138: Russian Debt Service Ratio (%), 2007–2010
Figure 139: Russian Airports and Sea Ports (Number of), 2009
Figure 140: Russian Railways and Highways (Kilometers), 2010
Figure 141: Russian Passenger Vehicle Production (Million), 2007–2016
Figure 142: Russian Commercial Vehicle Production (Units), 2007–2016
Figure 143: Russian Automotive Components Exports (US$ Billion), 2007–2016
Figure 144: Russian Automotive Components Imports (US$ Billion), 2007–2016
Figure 145: Russian Passenger Vehicle Exports Volume (Units), 2007–2016
Figure 146: Russian Passenger Car Penetration (per thousand people), 2007–2016
Figure 147: Russian Total Installed Capacity for Electricity Generation (Million Kilowatts), 2007–2016
Figure 148: Russian Installed Capacity for the generation of Conventional Thermal Electricity (Million Kilowatts), 2007–2016
Figure 149: Russian Electricity Production (Billion Kilowatt Hours), 2007–2016
Figure 150: Russian Installed Capacity for the Generation of Hydro–Electricity (Million Kilowatts), 2007–2016
Figure 151: Russian Installed Capacity for the Generation of Renewable Electricity (Million Kilowatts), 2007–2016
Figure 152: Russian Electricity Exports (Million Kilowatt Hours), 2007–2016
Figure 153: Russian Electricity Imports (Million Kilowatt Hours), 2007–2016
Figure 154: Russian Healthcare Expenditure (US$ Billion), 2007–2016
Figure 155: Russian Healthcare Expenditure as a Percentage of GDP (%), 2007–2016
Figure 156: Russian Per Capita Healthcare Expenditure (US$), 2007–2016
Figure 157: Russian Broadband Internet Subscriptions (Million), 2007–2016
Figure 158: Russian Personal Computer Penetration Rate (per hundred people), 2007–2016
Figure 159: Russian Mobile Phone Penetration (%), 2007–2016
Figure 160: Russian R&D Expenditure as a Percentage of GDP (%), 2007–2016
Figure 161: Russian Size of Labor Force in 15–59 age group (Million), 2007–2016
Figure 162: Russian Unemployment Rate (%), 2007–2016
Figure 163: Russian Annual Disposable Income (US$ trillion), 2007–2016
Figure 164: Russian Annual Per Capita Disposable Income (US$), 2007–2016
Figure 165: Russian Consumer Expenditure on Food (US$ Billion), 2007–2016
Figure 166: Russian Annual Per Capita Consumer Expenditure on Food (US$), 2007–2016
Figure 167: Russian Total Population (Million), 2007–2016
Figure 168: Russian Urban and Rural Population (%), 2007–2016
Figure 169: Russian Females as a Percentage of the Russian Population (%), 2007–2016
Figure 170: Russian Males as a Percentage of the Russian Population (%), 2007–2016
Figure 171: Russian Mean Age of Population (Years), 2007–2016
Figure 172: Russian Median Age of Population (Years), 2007–2016
Figure 173: Russian Population Density (per Square Kilometer), 2007–2016
Figure 174: Russian Population Distribution by Age(%), 2007–2016
Figure 175: Russian Male Population Distribution by Age (%), 2007–2016
Figure 176: Russian Female Population Distribution by Age (%), 2007–2016
Figure 177: Russian Households Number of (Million), 2007–2016
Figure 178: Global Terrorism Heat Map, 2009
Figure 179: Russian Transparency Index, 2007–2010

COMPANIES MENTIONED

Insurance Company ALICO
Rosgosstrakh-Stolitsa
Russian Standard Insurance
Alliance ROSNO life
CIV Life
IC SOGAZ-LIFE
Generali PPF Life Insurance
Geopolis
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Life Insurance in Russia, Key Trends and Opportunities to 2016: Introduction of Tax Benefits on Life Insurance Products Key to Market Expansion
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