Non-Life Insurance in Russia, Key Trends and Opportunities to 2020

Non-Life Insurance in Russia, Key Trends and Opportunities to 2020


  • Products Id :- IS1337MR
  • |
  • Pages: 146
  • |
  • |
  • |
  Request for Sample Report
  Request A Quote

Executive Summary

Timetric's 'Non-Life Insurance in Russia Key Trends and Opportunities to 2020' 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 (2011-2015) and forecast period (2015-2020).

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 2020' 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 2011-2015 review period, and projected figures for the 2015-2020 forecast period.

It offers a detailed analysis of the key categories in the Russian non-life insurance segment, and market forecasts to 2020.

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 and man-made 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

On October 19, 2016, the CBR amended the maximum tariff limits for carriers' liability insurance.

Russia's geographical location as an Eastern European country and well developed transport infrastructure makes it a hub for trading activities in Europe.

Motor insurance was the largest category in the segment during the review period, in terms of direct written premium.

Russian non-life insurers are placing an increasing emphasis on telematics-based products.

Property insurance was the second-largest category in the non-life segment, accounting for 28.6% of the segment's gross written premium in 2015.

New regulations on the solvency and financial stability of insurance companies came into force on July 01, 2015.



Read More



Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications

+91-9015378249

1 Key Facts and Highlights

2 Executive Summary

3 Economy and Demographics

4 Segment Outlook

4.1 Regional Comparison

4.2 Segment Indicators

4.2.1 Gross written premium and penetration

4.2.2 Policies sold

4.2.3 Claims

4.2.4 Profitability

4.2.5 Assets and investments

5 Outlook by Category

5.1 Property Insurance

5.1.1 Product overview

5.1.2 Premium

5.1.3 Policies sold

5.1.4 Claims

5.2 Motor Insurance

5.2.1 Product overview

5.2.2 Premium

5.2.3 Policies sold

5.2.4 Claims

5.3 Liability Insurance

5.3.1 Product overview

5.3.2 Premium

5.3.3 Policies sold

5.3.4 Claims

5.4 Marine, Aviation and Transit Insurance

5.4.1 Product overview

5.4.2 Premium

5.4.3 Policies sold

5.4.4 Claims

6 Distribution Channel Outlook

6.1 Analysis by Distribution Channel

6.1.1 Agencies

6.1.2 Direct marketing

6.1.3 Bancassurance

6.1.4 Brokers

6.1.5 E-commerce

7 Natural and Man-made Hazards

7.1 Flooding

7.2 Wildfires

7.3 Extreme temperature

7.4 Earthquakes

7.5 Storm

7.6 Exposure

7.7 Man-Made Disasters

8 Competitive Landscape

8.1 Overview

8.2 Company Profiles

8.2.1 Rosgosstrakh Company Ltd-company overview

8.2.2 Sogaz Insurance Company-company overview

8.2.3 Ingosstrakh Insurance Company-company overview

8.2.4 Reso-Garantia-company overview

8.2.5 AlfaStrakhovanie-company overview

9 Governance, Risk and Compliance

9.1 Legislation Overview and Historical Evolution

9.2 Latest Changes in Regulation

9.3 Legislation and Market Practice by Type of Insurance

9.3.1 Life insurance

9.3.2 Property insurance

9.3.3 Motor insurance

9.3.4 Liability insurance

9.3.5 Marine, aviation and transit insurance

9.3.6 Personal accident and health insurance

9.4 Compulsory Insurance

9.4.1 Workmen's compensation insurance

9.4.2 Motor third-party liability insurance

9.4.3 Aviation liability insurance

9.4.4 Health insurance

9.4.5 Third-party liability insurance for hazardous activities

9.4.6 Clinical trials liability insurance

9.4.7 Liability for ships with respect to oil pollution

9.5 Supervision and Control

9.5.1 International Association of Insurance Supervisors

9.5.2 Financial Market Access Department of the Central Bank of Russia

9.5.3 All-Russian Insurance Association

9.6 Non-Admitted Insurance Regulation

9.6.1 Overview

9.6.2 Intermediaries

9.6.3 Market practices

9.6.4 Fines and Penalties

9.7 Company Registration and Operations

9.7.1 Type of insurance organization

9.7.2 Establishing a local company

9.7.3 Foreign ownership

9.7.4 Types of license

9.7.5 Capital requirements

9.7.6 Solvency margins

9.7.7 Reserve requirements

9.7.8 Investment regulations

9.7.9 Statutory return requirements

9.7.10 Fee structure

9.8 Taxation

9.8.1 Insurance premium or policy taxation

9.8.2 Withholding taxes on premium paid overseas

9.8.3 Corporate tax

9.8.4 VAT

9.8.5 Captives

9.9 Legal System

9.9.1 Introduction

9.9.2 Access to court

9.9.3 Alternative dispute resolution (ADR)

10 Databook

10.1 Policies and Premium

10.2 Claims and Expenses

10.3 Assets and Investments

10.4 Direct Marketing and E-Commerce

10.5 Insurance Brokers and Agencies

10.6 Bancassurance and Other Distribution Channels

10.7 Property Insurance

10.8 Property Insurance by Product

10.9 Motor Insurance

10.1 Motor Insurance by Product

10.11 Liability Insurance

10.12 Marine, Aviation and Transit Insurance

11 Definitions and Methodology

11.1 Definitions

11.2 Methodology

12 About Timetric

12.1 Contact Timetric

12.2 About Timetric

12.3 Timetric's Services

12.4 Disclaimer

Figure 1: Russian Real GDP (RUB Trillion) and Annual Growth (%), 2011-2020

Figure 2: Russian Current Account Balance as a Percentage of GDP (%), 2011-2015

Figure 3: Russian Consumer Price Inflation, 2011-2020

Figure 4: RUB-US$ Exchange Rate, 2011-2020

Figure 5: Russian Unemployment Rate, 2011-2020

Figure 6: Russian Population by Age Group, 1990-2025

Figure 7: Russian Non-Life Insurance Penetration-Regional Comparison (%), 2015

Figure 8: Russian Insurance Segment Direct Written Premium Shares-Regional Comparison (%), 2015

Figure 9: Russian Non-Life Insurance-Gross Written Premium (RUB Billion), 2011-2020

Figure 10: Russian Non-Life Insurance-Penetration (%), 2011-2020

Figure 11: Russian Non-Life Insurance-Premium per Capita (RUB), 2011-2020

Figure 12: Russian Non-Life Insurance-Number of Policies Sold (Million), 2011-2020

Figure 13: Russian Non-Life Insurance-Paid Claims (RUB Billion), 2011-2020

Figure 14: Russian Non-Life Insurance-Profitability Ratio (%), 2011-2020

Figure 15: Russian Non-Life Insurance-Total Assets (RUB Billion), 2011-2020

Figure 16: Russian Non-Life Insurance-Direct Written Premium by Category (RUB Billion), 2011-2020

Figure 17: Russian Non-Life Insurance-Direct Written Premium Dynamics by Category, 2011-2020

Figure 18: Russian Property Insurance-Construction Value Output by Category (RUB Billion), 2011-2020

Figure 19: Russian Property Insurance-Direct Written Premium by Sub-Category (RUB Billion), 2011-2020

Figure 20: Russian Property Insurance-Direct Written Premium Dynamics by Sub-Category, 2011-2020

Figure 21: Russian Property Insurance-Number of Policies Sold by Sub-Category (Million), 2011-2020

Figure 22: Russian Property Insurance-Paid Claims (RUB Billion), 2011-2020

Figure 23: Russia Motor Insurance-Fatal Accidents, 2015

Figure 24: Russian Motor Insurance-Direct Written Premium by Sub-Category (RUB Billion), 2011-2020

Figure 25: Russian Motor Insurance-Direct Written Premium Dynamics by Sub-Category, 2011-2020

Figure 26: Russian Motor Insurance-Number of Policies Sold by Sub-Category (Million), 2011-2020

Figure 27: Russian Motor Insurance-Paid Claims (RUB Billion), 2011-2020

Figure 28: Russian Liability Insurance-Direct Written Premium (RUB Billion), 2011-2020

Figure 29: Russian Liability Insurance-Number of Policies Sold (Thousand), 2011-2020

Figure 30: Russian Liability Insurance-Paid Claims (RUB Billion), 2011-2020

Figure 31: Russian Exports and Imports (RUB Trillion), 2011-2015

Figure 32: Russian Aviation Insurance-Passengers Carried by Air Transport (Million), 2011-2015

Figure 33: Russian Marine, Aviation and Transit Insurance-Direct Written Premium (RUB Billion), 2011-2020

Figure 34: Russian Marine, Aviation and Transit Insurance-Number of Policies Sold (Thousand), 2011-2020

Figure 35: Russian Marine, Aviation and Transit Insurance-Paid Claims (RUB Billion), 2011-2020

Figure 36: Russian Non-Life Insurance-Direct Written Premium by Distribution Channel (%), 2011, 2015 and 2020

Figure 37: Russian-Frequency of Hazards by Type, 1990-2014

Figure 38: Russian Mortality by Hazards Type, 1990-2014

Figure 39: Russian Economic Loss by Hazards Type, 1990-2014

Figure 40: Russian Non-Life Insurance-Segment Shares of Leading Insurers (%), 2015

Figure 41: Russia-Insurance Supervision and Control at Various Levels

Figure 42: Russia-Insurance Regulatory Framework for Company Registration and Operation

Table 1: Russian Non-Life Insurance-Key Facts, 2015

Table 2: Russian Non-Life Insurance-Segment Shares of the Top Insurers, 2015

Table 3: Russian Government Credit Ratings

Table 4: Russian Non-Life Insurance-Gross Written Premium (RUB Billion and US$ Billion), 2011-2015

Table 5: Russian Non-Life Insurance-Penetration (%), 2011-2015

Table 6: Russian Non-Life Insurance-Gross Written Premium (RUB Billion and US$ Billion), 2015-2020

Table 7: Russian Non-Life Insurance-Penetration (%), 2015-2020

Table 8: Russian Non-Life Insurance-Premium per Capita (RUB and US$), 2011-2015

Table 9: Russian Non-Life Insurance-Premium per Capita (RUB and US$), 2015-2020

Table 10: Russian Non-Life Insurance-Number of Policies Sold (Million), 2011-2015

Table 11: Russian Non-Life Insurance-Number of Policies Sold (Million), 2015-2020

Table 12: Russian Non-Life Insurance-Paid Claims (RUB Billion and US$ Billion), 2011-2015

Table 13: Russian Non-Life Insurance-Paid Claims (RUB Billion and US$ Billion), 2015-2020

Table 14: Russian Non-Life Insurance-Profitability Ratio (%), 2011-2015

Table 15: Russian Non-Life Insurance-Profitability Ratio (%), 2015-2020

Table 16: Russian Non-Life Insurance-Total Assets (RUB Billion and US$ Billion), 2011-2015

Table 17: Russian Non-Life Insurance-Total Assets (RUB Billion and US$ Billion), 2015-2020

Table 18: Russian Non-Life Insurance-Direct Written Premium by Category (RUB Billion), 2011-2015

Table 19: Russian Non-Life Insurance-Direct Written Premium by Category (RUB Billion), 2015-2020

Table 20: Russian Property Insurance-Number of Recorded Crimes, 2011-2015

Table 21: Russian Property Insurance-Direct Written Premium by Sub-Category (RUB Billion), 2011-2015

Table 22: Russian Property Insurance-Direct Written Premium by Sub-Category (RUB Billion), 2015-2020

Table 23: Russian Property Insurance-Number of Policies Sold by Sub-Category (Million), 2011-2015

Table 24: Russian Property Insurance-Number of Policies Sold by Sub-Category (Million), 2015-2020

Table 25: Russian Property Insurance-Paid Claims (RUB Billion and US$ Billion), 2011-2015

Table 26: Russian Property Insurance-Paid Claims (RUB Billion and US$ Million), 2015-2020

Table 27: Russian Motor Insurance-New Vehicle Sales in Russia, 2013-2015

Table 28: Russia Motor Insurance-Road Accident Numbers, 2011-2015

Table 29: Russian Motor Insurance-Direct Written Premium by Sub-Category (RUB Billion), 2011-2015

Table 30: Russian Motor Insurance-Direct Written Premium by Sub-Category (RUB Billion), 2015-2020

Table 31: Russian Motor Insurance-Number of Policies Sold by Sub-Category (Million), 2011-2015

Table 32: Russian Motor Insurance-Number of Policies Sold by Sub-Category (Million), 2015-2020

Table 33: Russian Motor Insurance-Paid Claims (RUB Billion and US$ Billion), 2011-2015

Table 34: Russian Motor Insurance-Paid Claims (RUB Billion and US$ Billion), 2015-2020

Table 35: Russian Liability Insurance-Direct Written Premium by Sub-Category (RUB Billion), 2011-2015

Table 36: Russian Liability Insurance-Direct Written Premium by Sub-Category (RUB Billion), 2015-2020

Table 37: Russian Liability Insurance-Number of Policies Sold (Million), 2011-2015

Table 38: Russian Liability Insurance-Number of Policies Sold (Million), 2015-2020

Table 39: Russian Liability Insurance-Paid Claims (RUB Billion and US$ Million), 2011-2015

Table 40: Russian Liability Insurance-Paid Claims (RUB Billion and US$ Million), 2015-2020

Table 41: Russian Transport Network-Global Rankings

Table 42: Russian Marine, Aviation and Transit Insurance-Freight Carried (Million Ton), 2011-2015

Table 43: Russian Marine, Aviation and Transit Insurance-Direct Written Premium by Sub-Category (RUB Billion), 2011-2015

Table 44: Russian Marine, Aviation and Transit Insurance-Direct Written Premium by Sub-Category (RUB Billion), 2015-2020

Table 45: Russian Marine, Aviation and Transit Insurance-Number of Policies Sold (Thousand), 2011-2015

Table 46: Russian Marine, Aviation and Transit Insurance-Number of Policies Sold (Thousand), 2015-2020

Table 47: Russian Marine, Aviation and Transit Insurance-Paid Claims (RUB Billion and US$ Million), 2011-2015

Table 48: Russian Marine, Aviation and Transit Insurance-Paid Claims (RUB Billion and US$ Million), 2015-2020

Table 49: Russian Non-Life Insurance-Direct Written Premium by Distribution Channel (RUB Billion), 2011-2015

Table 50: Russian Non-Life Insurance-Direct Written Premium by Distribution Channel (RUB Billion), 2015-2020

Table 51: Russian Non-Life Insurance-Percentage of Direct Written Premium by Distribution Channel, 2011-2020

Table 52: Russian Non-Life Insurance-Segment Shares of Leading Insurers (%), 2015

Table 53: Rosgosstrakh Company Ltd-Key Facts

Table 54: Rosgosstrakh Company Ltd-Key Financials (RUB Million), 2011-2015

Table 55: Sogaz Insurance Company-Key Facts

Table 56: Sogaz Insurance Company-Key Financials (RUB Million), 2011-2015

Table 57: Ingosstrakh Insurance Company-Key Facts

Table 58: Ingosstrakh Insurance Company-Key Financials (RUB Million), 2011-2015

Table 59: Reso-Garantia-Key Facts

Table 60: Reso-Garantia-Key Financials (RUB Million), 2011-2015

Table 61: AlfaStrakhovanie-Key Facts

Table 62: AlfaStrakhovanie-Key Financials (RUB Million), 2011-2015

Table 63: Russia-Insurance Regulatory Framework Key Features

Table 64: Russia-Life Insurance Regulatory Framework

Table 65: Russia-Property Insurance Regulatory Framework

Table 66: Russia-Motor Insurance Regulatory Framework

Table 67: Russia-Bonus-Malus System

Table 68: Russia-Liability Insurance Regulatory Framework

Table 69: Russia-Compensation Provided by the Insurer under Motor Liability Insurance

Table 70: Russia-Compensation Provided by the Insurer in the Event of Accident by Domestic Air Carriage

Table 71: Russia-Corporate Tax Rates for the Financial Year 2016

Table 72: Russian Insurance Industry-Policies and Premium, 2011-2015

Table 73: Russian Insurance Industry-Policies and Premium, 2015-2020

Table 74: Russian Non-Life Insurance-Claims and Expenses, 2011-2015

Table 75: Russian Non-Life Insurance-Claims and Expenses, 2015-2020

Table 76: Non-Life Insurance-Assets, 2011-2015

Table 77: Russian Non-Life Insurance-Assets, 2015-2020

Table 78: Russian Non-Life Insurance-Direct Marketing and E-Commerce, 2011-2015

Table 79: Russian Non-Life Insurance-Direct Marketing and E-Commerce, 2015-2020

Table 80: Russian Non-Life Insurance-Insurance Brokers and Agencies, 2011-2015

Table 81: Russian Non-Life Insurance-Insurance Brokers and Agencies, 2015-2020

Table 82: Russian Non-Life Insurance Bancassurance and Other Distribution Channels, 2011-2015

Table 83: Russian Non-Life Insurance-Bancassurance and Other Distribution Channels, 2015-2020

Table 84: Russian Non-Life Insurance-Property Insurance, 2011-2015

Table 85: Russian Non-Life Insurance-Property Insurance, 2015-2020

Table 86: Russian Non-Life Insurance-Property Insurance by Product, 2011-2015

Table 87: Russian Non-Life Insurance-Property Insurance by Product, 2015-2020

Table 88: Russian Non-Life Insurance-Motor Insurance, 2011-2015

Table 89: Russian Non-Life Insurance-Motor Insurance, 2015-2020

Table 90: Russian Non-Life Insurance-Motor Insurance by Product, 2011-2015

Table 91: Russian Non-Life Insurance-Motor Insurance by Product, 2015-2020

Table 92: Russian Non-Life Insurance-Liability Insurance, 2011-2015

Table 93: Russian Non-Life Insurance-Liability Insurance, 2015-2020

Table 94: Russian Non-Life Insurance-Marine, Aviation and Transit Insurance, 2011-2015

Table 95: Russian Non-Life Insurance-Marine, Aviation and Transit Insurance, 2015-2020

Table 96: Insurance Industry Definitions

Single User License:
Report can be used by individual purchaser only

Site License:
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License:
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

To know more information on Purchase by Section, please send a mail to query [@] kenresearch.com
 

Rosgosstrakh Company Ltd, Sogaz Insurance Company, Ingosstrakh Insurance Company, Reso-Garantia, AlfaStrakhovanie, VSK Insurance Joint Stock Company, Soglasie Insurance Company Ltd, VTB Insurance, Renaissance Insurance, Uralsib Insurance Group,

Non-life insurance, Economy and demographics, Motor insurance, Property insurance, Liability insurance, Marine insurance, Aviation insurance, Transit insurance , Distribution channels, Agencies, Insurance brokers, Direct marketing, Natural hazards, Leading companies, Legislation, Compulsory insurance, Supervision and control, Non-admitted insurance, Types of insurance organization

select a license

Single User License
USD 1450 INR 93322
Site License
USD 2900 INR 186644
Corporate User License
USD 4350 INR 279966

NEWSLETTER BY CATEGORY




Testimonials

The report sent to us was on the point, and its information was quite extensive, well structured, and well researched. More importantly what we valued was your response time and professionalism. As a leading global consulting firm, our clients expect high quality deliverables in short periods of time, so a reliable research partner is essential. For the price that you have charged the quality of your services were exceptional. We look forward to continue our relationship with your team on future engagements....

This is with regards to your report on India PVC pipes and fitting market outlook industry outlook to 2019. This is a very well written report and accept my compliments on the same.... ...

I am pleased to see the very useful and productive information in the report..Very well structured great presentation reflect professionalism in your research studies....

While we still are studying and analysing your reports about Vietnam & Thailand, we would like to convey to your research team that they have done a very good job in compiling so much of information together. We hope to see more of such well researched reports. All the best & keep it up. ...

We would like to appreciate Ken Research for their great efforts and wonderful support in providing the Market Intelligence Report for ITPC. The information, statistics and research are well understandable and very clear to the point. We are happy with Ken research for their good client service, on-time delivery of the report and as said the report itself. Thank you Ken research for bringing the valuable output for us. We would be looking forward to have more research with you in the near future. Wish you a success in your business!...



Ken Research Pvt. Ltd. Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49
     Gurgaon, Haryana - 122001, India

download

Company Brochure

Engage with Us

query [@] kenresearch.com