Non-Life Insurance in Russia, Key Trends and Opportunities to 2021

Non-Life Insurance in Russia, Key Trends and Opportunities to 2021

  • September 2017 •
  • 151 pages •
  • Report ID: 1593881
Synopsis
Timetric’s ’Non-Life Insurance in Russia, Key Trends and Opportunities to 2021’ report provides a detailed outlook by product category for the Russian non-life insurance segment, and a comparison of the Russian insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2012–2016) and forecast period (2016–2021).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Russian economy and demographics, explains the various types of natural hazard and their impact on the Russian insurance industry, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary
Timetric’s ’Non-Life Insurance in Russia, Key Trends and Opportunities to 2021’ report provides in-depth market analysis, information and insights into the Russian non-life insurance segment, including:
• The Russian non-life segment’s detailed outlook by product category
• A comprehensive overview of the Russian economy and demographics
• A comparison of the Russian non-life insurance segment with its regional counterparts
• The various distribution channels in the Russian non-life insurance segment
• Detailed analysis of natural hazards and their impact on the Russian insurance industry
• Details of the competitive landscape in the non-life insurance segment in Russia
• Details of regulatory policy applicable to the Russian insurance industry

Scope
This report provides a comprehensive analysis of the non-life insurance segment in Russia:
• It provides historical values for the Russian non-life insurance segment for the report’s 2012–2016 review period, and projected figures for the 2016–2021 forecast period.
• It offers a detailed analysis of the key categories in the Russian non-life insurance segment, and market forecasts to 2021.
• It provides a comparison of the Russian non-life insurance segment with its regional counterparts
• It analyzes the various distribution channels for non-life insurance products in Russia.
• It analyzes various natural hazards and their impact on the Russian insurance industry
• It profiles the top non-life insurance companies in Russia, and outlines the key regulations affecting them.

Reasons To Buy
• Make strategic business decisions using in-depth historic and forecast market data related to the Russian non-life insurance segment, and each category within it.
• Understand the demand-side dynamics, key market trends and growth opportunities in the Russian non-life insurance segment.
• Assess the competitive dynamics in the non-life insurance segment.
• Identify growth opportunities and market dynamics in key product categories.
• Gain insights into key regulations governing the Russian insurance industry, and their impact on companies and the industry’s future.

Key Highlights
• The Central Bank of Russia (CBR) approved a regulation stipulating mandatory sales of electronic motor third-party liability insurance policies, with effect from January 1, 2017.
• On February 11, 2017, the CBR enforced a new regulation for non-life insurers with respect to maintaining reserves.
• The CBR amended the maximum tariff limits for carriers’ liability insurance on October 19, 2016.
• In August 2016, the Russian Association of Motor Insurers launched a single agent system for the sale of motor third-party liability insurance.
• The CBR registered the first Self-Regulation Organization (SRO) in insurance on December 6, 2016. The SRO unites the largest companies in the Russian financial market, excluding banks.
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Country=Russia Industry=Insurance ParentIndustry=Services Date=201709 Topic=Forecast Publisher=Timetric Price=2000