Russia Insurance Q3 2018
Despite the enormous growth potential on offer, the outlook for Russia's insurance market, particularly the struggling lifeinsurance segment, remains poor. Lacking any major growth drivers, Russia's economy is expected to record only subdued growthover the coming months meaning employment and wages are unlikely to improve, resulting in little room for organic expansion inthe life insurance sector. Prospects are slightly stronger in the non-life market where growth will be supported by key basic lines,particularly motor insurance, though overall coverage will remain relatively low. Barriers to foreign carriers in the market remain highand despite the theoretical long-term growth potential of the market, Russia's insurance industry is unlikely to attract majoroverseas investment, leaving domestic providers the dominant players.
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