Non-Life Insurance in Russia, Key Trends and Opportunities to 2021
All the vital news, analysis, and commentary curated by our industry experts.
GlobalData’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 GlobalData’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.
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.
• 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.
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.
Table of Contents
1 KEY FACTS AND HIGHLIGHTS
2 EXECUTIVE SUMMARY
3 ECONOMY AND DEMOGRAPHICS
4 SEGMENT OUTLOOK
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Policies sold
5 OUTLOOK BY CATEGORY
5.1 Property Insurance
5.1.1 Product overview
5.1.3 Policies sold
5.2 Motor Insurance
5.2.1 Product overview
5.2.3 Policies sold
5.3 Liability Insurance
5.3.1 Product overview
5.3.3 Policies sold
5.4 Marine, Aviation and Transit Insurance
5.4.1 Product overview
5.4.3 Policies sold
6 DISTRIBUTION CHANNEL OUTLOOK
6.1 Analysis by Distribution Channel
6.1.1 Direct marketing
7 NATURAL AND MAN-MADE HAZARDS
7.3 Extreme Temperature
7.7 Man-Made Disasters
8 COMPETITIVE LANDSCAPE
8.1 Company Profiles
8.1.1 Sogaz Insurance Company – company overview
8.1.2 Rosgosstrakh Company Ltd – company overview
8.1.3 Ingosstrakh Insurance Company – company overview
8.1.4 Reso-Garantia – company overview
8.1.5 AlfaStrakhovanie – company overview
9 GOVERNANCE, RISK AND COMPLIANCE
9.1 Legislation Overview and Historical Evolution
9.2 Latest Changes in Regulation
9.3 Legislation and Market Practice by Type of Insurance
9.3.1 Life insurance
9.3.2 Property insurance
9.3.3 Motor insurance
9.3.4 Liability insurance
9.3.5 Marine, aviation and transit insurance
9.3.6 Personal accident and health insurance
9.4 Compulsory Insurance
9.4.1 Workmen’s compensation insurance
9.4.2 Motor third-party liability insurance
9.4.3 Aviation liability insurance
9.4.4 Health insurance
9.4.5 Third-party liability insurance for hazardous activities
9.4.6 Clinical trials liability insurance
9.4.7 Liability for ships with respect to oil pollution
9.5 Supervision and Control
9.5.1 International Association of Insurance Supervisors
9.5.2 Financial Market Access Department of the Central Bank of Russia
9.5.3 All-Russian Insurance Association
9.6 Non-Admitted Insurance Regulation
9.6.3 Market practices
9.6.4 Fines and Penalties
9.7 Company Registration and Operations
9.7.1 Type of insurance organization
9.7.2 Establishing a local company
9.7.3 Foreign ownership
9.7.4 Types of license
9.7.5 Capital requirements
9.7.6 Solvency margins
9.7.7 Reserve requirements
9.7.8 Investment regulations
9.7.9 Statutory return requirements
9.7.10 Fee structure
9.8.1 Insurance premium or policy taxation
9.8.2 Withholding taxes on premium paid overseas
9.8.3 Corporate tax
9.9 Legal System
9.9.2 Access to court
9.9.3 Alternative dispute resolution
10.1 Policies and Premium
10.2 Claims and Expenses
10.3 Direct Marketing and E-Commerce
10.4 Insurance Brokers and Agencies
10.5 Bancassurance and Other Distribution Channels
10.6 Property Insurance
10.7 Property Insurance by Product
10.8 Motor Insurance
10.9 Motor Insurance by Product
10.1 Liability Insurance
10.11 Marine, Aviation and Transit Insurance
11 DEFINITIONS AND METHODOLOGY
12 ABOUT TIMETRIC
12.1 Contact GlobalData
12.2 About GlobalData
12.3 GlobalData’s Services
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