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Life Insurance in Russia

  • January 2016
  • -
  • MarketLine
  • -
  • 30 pages

Introduction

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. 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.

Highlights

- 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 2014 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 is expected to generate total gross written premiums of $3.1bn in 2015, representing a compound annual growth rate (CAGR) of 36.4% between 2011 and 2015.

- The life insurance segment is expected to be the market's most lucrative in 2015, with total gross written premiums of $2.1bn, equivalent to 68.7% of the market's overall value.

- Russia is currently facing difficult macroeconomic conditions with devaluation of the Ruble, a hike in interest rates, and a reduction in lending. In the face of this, the life insurance market remains in strong, double-digit growth.

Features

- 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

- Macroeconomic indicators provide insight into general trends within the Russia economy

Key Questions Answered

- 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?

Table Of Contents

Life Insurance in Russia
TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market share 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market Segmentation 9
Category segmentation 9
Geography segmentation 10
Market share 11
Market Outlook 12
Market value forecast 12
Five Forces Analysis 13
Summary 13
Buyer power 14
Supplier power 15
New entrants 16
Threat of substitutes 17
Degree of rivalry 18
Leading Companies 19
AlfaStrakhovanie Group 19
Renaissance Insurance Group, Ltd. 20
Rosgosstrakh 21
Sberbank of Russia 22
Macroeconomic Indicators 25
Country Data 25
Methodology 27
Industry associations 28
Related MarketLine research 28
Appendix 29
About MarketLine 29

List of Tables
Table 1: Russia life insurance market value: $ billion, 2011-15(e)
Table 2: Russia life insurance market category segmentation: $ billion, 2015(e)
Table 3: Russia life insurance market geography segmentation: $ billion, 2015(e)
Table 4: Russia life insurance market share: % share, by value, 2015(e)
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: Sberbank of Russia: key facts
Table 10: Sberbank of Russia: key financials ($)
Table 11: Sberbank of Russia: key financials (RUB)
Table 12: Sberbank of Russia: key financial ratios
Table 13: Russia size of population (million), 2011-15
Table 14: Russia gdp (constant 2005 prices, $ billion), 2011-15
Table 15: Russia gdp (current prices, $ billion), 2011-15
Table 16: Russia inflation, 2011-15
Table 17: Russia consumer price index (absolute), 2011-15
Table 18: Russia exchange rate, 2011-15

List of Figures
Figure 1: Russia life insurance market value: $ billion, 2011-15(e)
Figure 2: Russia life insurance market category segmentation: % share, by value, 2015(e)
Figure 3: Russia life insurance market geography segmentation: % share, by value, 2015(e)
Figure 4: Russia life insurance market share: % share, by value, 2015(e)
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: Sberbank of Russia: revenues and profitability
Figure 13: Sberbank of Russia: assets and liabilities

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