Russia's insurance industry offers enormous growth potential and the market is showing signsof positive growth with written premiums in both the life and non-life sector rising steadily. The market isdominated by domestic providers and barriers hindering foreign entrants remain high, a factor which willhamper the development of the market. Other structural challenges include a reluctance from manyhouseholds to channel savings and investments through organised and formal channels and a lack ofenforcement of many mandatory lines, resulting in limited coverage rates.
Russia is expected to emerge from recession in 2017 (although growth will remainsubdued).
Large market for health insurance (including CMEI and voluntary health covers).
Demand for commercial vehicles and therefore motor insurance driven by thecontinued industrialisation of Russia's rural areas.