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Non-Life Insurance in Russia, Key Trends and Opportunities to 2021

Non-Life Insurance in Russia, Key Trends and Opportunities to 2021

Synopsis

Timetric’s 'Non-Life Insurance in Russia, Key Trends and Opportunities to 2021' report provides a detailed outlook by product category for the Russian non-life insurance segment, and a comparison of the Russian insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2012–2016) and forecast period (2016–2021).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Russian economy and demographics, explains the various types of natural hazard and their impact on the Russian insurance industry, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Non-Life Insurance in Russia, Key Trends and Opportunities to 2021' report provides in-depth market analysis, information and insights into the Russian non-life insurance segment, including:

  • The Russian non-life segment’s detailed outlook by product category
  • A comprehensive overview of the Russian economy and demographics
  • A comparison of the Russian non-life insurance segment with its regional counterparts
  • The various distribution channels in the Russian non-life insurance segment
  • Detailed analysis of natural hazards and their impact on the Russian insurance industry
  • Details of the competitive landscape in the non-life insurance segment in Russia
  • Details of regulatory policy applicable to the Russian insurance industry
Scope

This report provides a comprehensive analysis of the non-life insurance segment in Russia:
  • It provides historical values for the Russian non-life insurance segment for the report’s 2012–2016 review period, and projected figures for the 2016–2021 forecast period.
  • It offers a detailed analysis of the key categories in the Russian non-life insurance segment, and market forecasts to 2021.
  • It provides a comparison of the Russian non-life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for non-life insurance products in Russia.
  • It analyzes various natural hazards and their impact on the Russian insurance industry
  • It profiles the top non-life insurance companies in Russia, and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Russian non-life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Russian non-life insurance segment.
  • Assess the competitive dynamics in the non-life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Russian insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • The Central Bank of Russia (CBR) approved a regulation stipulating mandatory sales of electronic motor third-party liability insurance policies, with effect from January 1, 2017.
  • On February 11, 2017, the CBR enforced a new regulation for non-life insurers with respect to maintaining reserves.
  • The CBR amended the maximum tariff limits for carriers’ liability insurance on October 19, 2016.
  • In August 2016, the Russian Association of Motor Insurers launched a single agent system for the sale of motor third-party liability insurance.
  • The CBR registered the first Self-Regulation Organization (SRO) in insurance on December 6, 2016. The SRO unites the largest companies in the Russian financial market, excluding banks.


  • Key Facts and Highlights
    • Table Russian Non-Life Insurance - Key Facts, 2016
    • Table Russian Non-Life Insurance - Segment Shares of the Top Insurers, 2016
  • Executive Summary
  • Economy and Demographics
    • Table Russian Government Credit Ratings
    • Table Annual GDP Growth Rate - BRICS, 2012-2016
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Russian Non-Life Insurance - Gross Written Premium (RUB Billion and US$ Billion), 2012-2016
        • Table Russian Non-Life Insurance - Penetration (%), 2012-2016
        • Table Russian Non-Life Insurance - Gross Written Premium (RUB Billion and US$ Billion), 2016-2021
        • Table Russian Non-Life Insurance - Penetration (%), 2016-2021
        • Table Russian Non-Life Insurance - Premium per Capita (RUB and US$), 2012-2016
        • Table Russian Non-Life Insurance - Premium per Capita (RUB and US$), 2016-2021
      • Policies sold
        • Table Russian Non-Life Insurance - Number of Policies sold (Million), 2012-2016
        • Table Russian Non-Life Insurance - Number of Policies sold (Million), 2016-2021
      • Claims
        • Table Russian Non-Life Insurance - Paid Claims (RUB Billion and US$ Billion), 2012-2016
        • Table Russian Non-Life Insurance - Paid Claims (RUB Billion and US$ Billion), 2016-2021
  • Outlook by Category
    • Table Russian Non-Life Insurance - Direct Written Premium by Category (RUB Billion), 2012-2016
    • Table Russian Non-Life Insurance - Direct Written Premium by Category (RUB Billion), 2016-2021
    • Property Insurance
      • Product overview
        • Table Russian Property Insurance - Number of Recorded Crimes, 2011-2015
      • Premium
        • Table Russian Property Insurance - Direct Written Premium by Sub-Category (RUB Billion), 2012-2016
        • Table Russian Property Insurance - Direct Written Premium by Sub-Category (RUB Billion), 2016-2021
      • Policies sold
        • Table Russian Property Insurance - Number of Policies sold by Sub-Category (Million), 2012-2016
        • Table Russian Property Insurance - Number of Policies sold by Sub-Category (Million), 2016-2021
      • Claims
        • Table Russian Property Insurance - Paid Claims (RUB Billion and US$ Billion), 2012-2016
        • Table Russian Property Insurance - Paid Claims (RUB Billion and US$ Billion), 2016-2021
    • Motor Insurance
      • Product overview
        • Table Russian Motor Insurance - New Vehicle Sales in Russia, 2013-2016
        • Table Russian Motor Insurance - Road Accident Numbers, 2011-2015
      • Premium
        • Table Russian Motor Insurance - Direct Written Premium by Sub-Category (RUB Billion), 2012-2016
        • Table Russian Motor Insurance - Direct Written Premium by Sub-Category (RUB Billion), 2016-2021
      • Policies sold
        • Table Russian Motor Insurance - Number of Policies sold by Sub-Category (Million), 2012-2016
        • Table Russian Motor Insurance - Number of Policies sold by Sub-Category (Million), 2016-2021
      • Claims
        • Table Russian Motor Insurance - Paid Claims (RUB Billion and US$ Billion), 2012-2016
        • Table Russian Motor Insurance - Paid Claims (RUB Billion and US$ Billion), 2016-2021
    • Liability Insurance
      • Product overview
      • Premium
        • Table Russian Liability Insurance - Direct Written Premium (RUB Billion and US$ Billion), 2012-2016
        • Table Russian Liability Insurance - Direct Written Premium (RUB Billion and US$ Billion), 2016-2021
      • Policies sold
        • Table Russian Liability Insurance - Number of Active Policies (Thousand), 2012-2016
        • Table Russian Liability Insurance - Number of Active Policies (Thousand), 2016-2021
      • Claims
        • Table Russian Liability Insurance - Paid Claims (RUB Billion and US$ Billion), 2012-2016
        • Table Russian Liability Insurance - Paid Claims (RUB Billion and US$ Billion), 2016-2021
    • Marine, Aviation and Transit Insurance
      • Product overview
        • Table Russian Transport Network - Global Rankings
        • Table Russian Marine, Aviation and Transit Insurance - Freight Carried (Million Ton), 2011-2015
      • Premium
        • Table Russian Marine, Aviation and Transit Insurance - Direct Written Premium (RUB Billion and US$ Billion), 2012-2016
        • Table Russian Marine, Aviation and Transit Insurance - Direct Written Premium (RUB Billion and US$ Billion), 2016-2021
      • Policies sold
        • Table Russian Marine, Aviation and Transit Insurance - Number of Active Policies (Thousand), 2012-2016
        • Table Russian Marine, Aviation and Transit Insurance - Number of Active Policies (Thousand), 2016-2021
      • Claims
        • Table Russian Marine, Aviation and Transit Insurance - Paid Claims (RUB Billion and US$ Billion), 2012-2016
        • Table Russian Marine, Aviation and Transit Insurance - Paid Claims (RUB Billion and US$ Billion), 2016-2021
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
      • Table Russian Non-Life Insurance - Direct Written Premium by Distribution Channel (RUB Billion), 2012-2016
      • Table Russian Non-Life Insurance - Direct Written Premium by Distribution Channel (RUB Billion), 2016-2021
      • Table Russian Non-Life Insurance - Percentage of Direct Written Premium by Channel, 2012-2021
      • Direct marketing
      • Agencies
      • Brokers
      • Bancassurance
      • E-commerce
  • Natural and Man-Made Hazards
    • Flooding
    • Wildfires
    • Extreme Temperature
    • Earthquakes
    • Storm
    • Exposure
    • Man-Made Disasters
  • Competitive Landscape
    • Table Russian Non-Life Insurance - Segment Shares of the Leading Insurers (%), 2016
    • Company Profiles
      • Sogaz Insurance Company - company overview
        • Table Sogaz Insurance Company - Key Facts
        • Table Sogaz Insurance Company Ltd - Key Financials (RUB Million), 2012-2016
      • Rosgosstrakh Company Ltd - company overview
        • Table Rosgosstrakh Company Ltd - Key Facts
        • Table Rosgosstrakh Company Ltd - Key Financials (RUB Million), 2012-2016
      • Ingosstrakh Insurance Company - company overview
        • Table Ingosstrakh Insurance Company - Key Facts
        • Table Rosgosstrakh Company Ltd - Key Financials (RUB Million), 2012-2016
      • Reso-Garantia - company overview
        • Table Reso-Garantia - Key Facts
        • Table Rosgosstrakh Company Ltd - Key Financials (RUB Million), 2012-2016
      • AlfaStrakhovanie - company overview
        • Table AlfaStrakhovanie - Key Facts
        • Table AlfaStrakhovanie Company Ltd - Key Financials (RUB Million), 2012-2016
  • Governance, Risk and Compliance
    • Table Russia - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Russia- Life Insurance Regulatory Framework
      • Property insurance
        • Table Russia - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Russia - Motor Insurance Regulatory Framework
        • Table Russia - Bonus-Malus System
      • Liability insurance
        • Table Russia - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Workmen's compensation insurance
      • Motor third-party liability insurance
        • Table Russia - Compensation Provided by the Insurer under Motor Liability Insurance
      • Aviation liability insurance
        • Table Russia - Compensation Provided by the Insurer in the Event of Accident by Domestic Air Carriage
      • Health insurance
      • Third-party liability insurance for hazardous activities
      • Clinical trials liability insurance
      • Liability for ships with respect to oil pollution
    • Supervision and Control
      • International Association of Insurance Supervisors
      • Financial Market Access Department of the Central Bank of Russia
      • All-Russian Insurance Association
    • Non-Admitted Insurance Regulation
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margins
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Russia - Corporate Tax Rates for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table Russian Insurance Industry - Policies and Premium, 2012-2016
      • Table Russian Insurance Industry - Policies and Premium, 2016-2021
    • Claims and Expenses
      • Table Russian Non-Life Insurance - Claims and Expenses, 2012-2016
      • Table Russian Non-Life Insurance - Claims and Expenses, 2016-2021
    • Direct Marketing and E-Commerce
      • Table Russian Non-Life Insurance - Direct Marketing and E-Commerce, 2012-2016
      • Table Russian Non-Life Insurance - Direct Marketing and E-Commerce, 2016-2021
    • Insurance Brokers and Agencies
      • Table Russian Non-Life Insurance - Insurance Brokers and Agencies, 2012-2016
      • Table Russian Non-Life Insurance - Insurance Brokers and Agencies, 2016-2021
    • Bancassurance and Other Distribution Channels
      • Table Russian Non-Life Insurance - Bancassurance and Other Distribution Channels, 2012-2016
      • Table Russian Non-Life Insurance - Bancassurance and Other Distribution Channels, 2016-2021
    • Property Insurance
      • Table Russian Non-Life Insurance - Property Insurance, 2012-2016
      • Table Russian Non-Life Insurance - Property Insurance, 2016-2021
    • Property Insurance by Product
      • Table Russian Non-Life Insurance - Property Insurance by Product, 2012-2016
      • Table Russian Non-Life Insurance - Property Insurance by Product, 2016-2021
    • Motor Insurance
      • Table Russian Non-Life Insurance - Motor Insurance, 2012-2016
      • Table Russian Non-Life Insurance - Motor Insurance, 2016-2021
    • Motor Insurance by Product
      • Table Russian Non-Life Insurance - Motor Insurance by Product, 2012-2016
      • Table Russian Non-Life Insurance - Motor Insurance by Product, 2016-2021
    • Liability Insurance
      • Table Russian Non-Life Insurance - Liability Insurance, 2012-2016
      • Table Russian Non-Life Insurance - Liability Insurance, 2016-2021
    • Marine, Aviation and Transit Insurance
      • Table Russian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2012-2016
      • Table Russian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2016-2021
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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