Russia Insurance Q4 2019
Russia's insurance industry offers considerable growth potential, though similar to other sectors of the financial servicesindustry, the challenges are commensurate in scale to the rewards on offer. Regulatory oversight of the insurance industry is limitedand though steps are being taking to consolidate the market, including potential changes to reporting standards and capitalrequirements, at present the competitive landscape remains highly fragmented. Limited average household income rates are also abarrier, though a return to more stable economic territory in Russia should translate to improved employment, income andconsumption rates - which will stimulate growth in the insurance market.
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