Naperville, IL -- (SBWIRE) -- 09/08/2014 -- Reportstack, provider of premium market research reports announces the addition of Life Insurance in Russia, Key Trends and Opportunities to 2018 market report to its offering
Russia has the worlds 19th-largest insurance industry in terms of gross written premium. The life segment grew significantly following the global financial crisis of 20082009. The primary reasons were an increase in public awareness with regards to life insurance products, increase in employment, and the governments implementation of several laws to develop the insurance industry. Russias life insurance segment is underdeveloped when compared to Brazil, Russia, India and China (the BRIC countries). In gross written premium terms, the life segment accounted for 4.1% of the total gross written premium of Russian insurance industry in 2013. The main reasons for the segments relatively low share are the countrys lack of tax benefits for life insurance products and its underdeveloped private pension system. Most life insurance policies sold are bought as a mandatory requirement for people taking out a bank loan.
Scope
This report provides a comprehensive analysis of the life insurance segment in Russia:
It provides historical values for the Russian life insurance segment for the reports 20092013 review period and forecast figures for the 20132018 forecast period.
It offers a detailed analysis of the key categories in the Russian life insurance segment, along with market forecasts until 2018.
It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
It analyses the various distribution channels for life insurance products in Russia.
Using Porters industry-standard Five Forces analysis, it details the competitive landscape in Russia for the life insurance business.
It provides a detailed analysis of the reinsurance segment in Russia and its growth prospects.
It profiles the top 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 life insurance segment and each category within it
Understand the demand-side dynamics, key market trends and growth opportunities within the Russian life insurance segment
Assess the competitive dynamics in the life insurance segment, along with the reinsurance segment
Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing the Russian insurance industry and its impact on companies and the market's future
Key Highlights
The life segment accounted for 4.1% of the industrys gross written premium in 2013.
Russia has one of the most underdeveloped life segments among the BRICS countries.
Russias life segment overcame the adverse impact of the global financial crisis of 20082009 due to an increase in the awareness of life insurance savings products and an increase in employment.
As a result of increase in paid-up capital in 2012, the life segment has gone through a period of consolidation as the total number of life insurance companies decreased from 604 in 2012 to 422 in 2013.
The Russian life insurance segment is highly concentrated, with 10 leading insurers accounting for an 86.9% share of the segments total gross written premiums in 2013.
Companies Mentioned
Renaissance Life Insurance
AlfaStrakhovanie Life Insurance Co
Sberbank insurance
Rosgosstrakh Life
Metlife Alico
Russian Standard Insurance
Allianz Life Insurance
Societe Generale Life Insurance
CiV Life
Raiffeisen Life Insurance Company
To view the table of contents for this market research report please visit
http://www.reportstack.com/product/169736/life-insurance-in-russia-key-trends-and-opportunities-to-2018.html
Contact:
Roger Campbell
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