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  4. > Russia Insurance Report Q2 2016

Russia Insurance Report Q2 2016

  • March 2016
  • -
  • Business Monitor International
  • -
  • 52 pages

Includes 3 FREE quarterly updates

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

Key Updates And Forecasts

- Both Russia's life and non-life insurance segments are expected to reap the benefits of economicimprovements 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 tospend their money on big ticket items such as motor vehicles and properties. While life insurance isreasonably concentrated, with 50% market share held by the top 3 players, non-life insurance is relativelymore fragmented with the largest 3 players securing a third of the market. Over the coming years, weanticipate a degree of market consolidation in both major segments; especially among the smallerinsurance providers.

Table Of Contents

Russia Insurance Report Q2 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (Russia 2013-2020) 5
Insurance 7
Industry Forecast 9
Life Premiums Forecast 9
Table: Life Premiums (Russia 2013-2020) 13
Table: Life Insurance Claims (Russia 2008-2015) 13
Non-Life Premiums Forecast 14
Table: Non-Life Premiums (Russia 2013-2020) 17
Table: Non-Life Insurance Claims (Russia 2009-2015) 19
Non-Life Sub-Sector Forecast 20
Table: Non-Life Insurance Premiums by Product Line (Russia 2013-2020) 29
Insurance Risk/Reward Index 31
Emerging Europe Risk/Reward Index 31
Table: Emerging Europe Insurance Risk/Reward Index - Q216 32
Market Overview 33
Life Market Overview 33
The Product Offering 33
The Competitive Landscape 33
Table: Russia Life Insurance Market (USDmn) 2009-2013 35
Non-Life Market Overview 37
The Product Offering 37
The Competitive Landscape 37
Table: Russia Non-Life Insurance Market (USDmn) 2011-2013 39
Company Profile 41
MetLife 41
Rosgosstrakh (RGS) 43
Methodology 46
Industry Forecast Methodology 46
Risk/Reward Index Methodology 49
Table: Indicators 51
Table: Weighting of Indicators 52

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