Insurance Brokers in Russia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2012-16, and forecast to 2021). 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 insurance brokers market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
The insurance brokers sector is valued in relation to the total brokerage revenue of non-life insurance and reinsurance brokerage firms. All currency conversions have been carried out at constant annual average 2016 exchange rates.
The Russian insurance brokers sector had total revenues of $392.4m in 2016, representing a compound annual growth rate (CAGR) of 3.9% between 2012 and 2016.
The primary insurance segment was the sector's most lucrative in 2016, with total revenues of $298.6m, equivalent to 76.1% of the sector's overall value. The reinsurance segment contributed revenues of $93.9m in 2016, equating to 23.9% of the sector's aggregate value.
The unstable growth pattern observed in the Russian sector is consistent with two trends. Firstly, it is the increasing penetration of insurance products in the country that drives growth in the sector. However, the contraction of the economy over the last two years had an impact on business insurance products were brokerage prevails, leading to a revenue loss for brokers. However, forecasts on the growth of the Russian economy in future will stimulate again brokerage business with corporate clients.
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What was the size of the Russia insurance brokers market by value in 2016?
What will be the size of the Russia insurance brokers market in 2021?
What factors are affecting the strength of competition in the Russia insurance brokers market?
How has the market performed over the last five years?
What are the main segments that make up Russia's insurance brokers market?