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Life Insurance in Russia

  • December 2016
  • -
  • MarketLine
  • -
  • 32 pages

Summary
Life Insurance in Russia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Findings
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Russia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Russia
- Leading company profiles reveal details of key life insurance market players' global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Russia life insurance market with five year forecasts

Synopsis
Essential resource for top-line data and analysis covering the Russia life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Reasons To Buy
- What was the size of the Russia life insurance market by value in 2015?
- What will be the size of the Russia life insurance market in 2020?
- What factors are affecting the strength of competition in the Russia life insurance market?
- How has the market performed over the last five years?
- Who are the top competitiors in Russia's life insurance market?

Key Findings
The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2015 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.

The Russian life insurance market had total gross written premiums of $2.1bn in 2015, representing a compound annual growth rate (CAGR) of 38.9% between 2011 and 2015.

The Life insurance segment was the market's most lucrative in 2015, with total gross written premiums of $1.4bn, equivalent to 67% of the market's overall value.

Russia is currently facing difficult macroeconomic conditions with depreciation of the Rouble, a hike in interest rates, economic sanctions, falling commodity prices (Russia's primary exports) and a reduction in lending. In the face of this, the life insurance market remains in strong, double-digit growth.

Table Of Contents

Life Insurance in Russia
Table of Contents
Executive Summary
Market value
Market value forecast
Category segmentation
Geography segmentation
Market share
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market share
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
AlfaStrakhovanie Group
Renaissance Insurance Group, Ltd.
Rosgosstrakh
Sberbank of Russia
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine

List of Tables
Table 1: Russia life insurance market value: $ billion, 2011-15
Table 2: Russia life insurance market category segmentation: $ billion, 2015
Table 3: Russia life insurance market geography segmentation: $ billion, 2015
Table 4: Russia life insurance market share: % share, by value, 2015
Table 5: Russia life insurance market value forecast: $ billion, 2015-20
Table 6: AlfaStrakhovanie Group: key facts
Table 7: Renaissance Insurance Group, Ltd.: key facts
Table 8: Rosgosstrakh: key facts
Table 9: Rosgosstrakh: key financials ($)
Table 10: Rosgosstrakh: key financials (RUB)
Table 11: Rosgosstrakh: key financial ratios
Table 12: Sberbank of Russia: key facts
Table 13: Sberbank of Russia: key financials ($)
Table 14: Sberbank of Russia: key financials (RUB)
Table 15: Sberbank of Russia: key financial ratios
Table 16: Russia size of population (million), 2011-15
Table 17: Russia gdp (constant 2005 prices, $ billion), 2011-15
Table 18: Russia gdp (current prices, $ billion), 2011-15
Table 19: Russia inflation, 2011-15
Table 20: Russia consumer price index (absolute), 2011-15
Table 21: Russia exchange rate, 2011-15

List of Figures
Figure 1: Russia life insurance market value: $ billion, 2011-15
Figure 2: Russia life insurance market category segmentation: % share, by value, 2015
Figure 3: Russia life insurance market geography segmentation: % share, by value, 2015
Figure 4: Russia life insurance market share: % share, by value, 2015
Figure 5: Russia life insurance market value forecast: $ billion, 2015-20
Figure 6: Forces driving competition in the life insurance market in Russia, 2015
Figure 7: Drivers of buyer power in the life insurance market in Russia, 2015
Figure 8: Drivers of supplier power in the life insurance market in Russia, 2015
Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in Russia, 2015
Figure 10: Factors influencing the threat of substitutes in the life insurance market in Russia, 2015
Figure 11: Drivers of degree of rivalry in the life insurance market in Russia, 2015
Figure 12: Rosgosstrakh: revenues and profitability
Figure 13: Rosgosstrakh: assets and liabilities
Figure 14: Sberbank of Russia: revenues and profitability
Figure 15: Sberbank of Russia: assets and liabilities

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