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Russia Insurance Report Q1 2016

  • ID: 3505898
  • December 2015
  • Region: Russia
  • 52 pages
  • Business Monitor International
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FEATURED COMPANIES

  • MetLife
  • Rosgosstrakh (RGS)
  • MORE

In the short term, Russia's insurance industry faces significant challenges from the weak domestic economy and currency movements, which means we expect to see sharp double-digit contractions in both life and non-life gross premiums written in 2015. While we do expect to see a return to growth in 2016, this is predicated upon a return to more positive economic territory - any further escalation in regional tensions or more extensive sanctions could derail this growth potential. Underneath these challenges, Russia's long-term growth potential is substantial, and should investment conditions improve we expect to see the interest of major multinationals return.

Key Updates and Forecasts
- Life insurance in Russia remains heavily underdeveloped, accounting for less than 5% of gross premiums written. In 2015, life premiums are expected to contract by 26.1%. Despite a return to growth from 2016,
premiums in 2019 will be broadly in line with those of 2015, at around USD1.7bn.

- The much larger non-life insurance sector will see slightly stronger growth over the medium term, and following a short-term decline will see premiums grow to USD43.5bn in 2019, up from USD33.5bn in 2015.

Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • MetLife
  • Rosgosstrakh (RGS)
  • MORE

Table: Headline Insurance Forecasts (Russia 2012-2019)

SWOT

Insurance

Industry Forecast

Life Premiums Forecast
Table: Life Premiums (Russia 2012-2019)
Table: Life Insurance Claims (Russia 2007-2013)

Non-Life Premiums Forecast
Table: Non-Life Premiums (Russia 2012-2019)
Table: Non-Life Insurance Claims (Russia 2008-2013)

Non-Life Sub-Sector Forecast
Table: Non Life Insurance Premiums By Product Line (Russia 2012-2019)

Insurance Risk/Reward Index

Emerging Europe Risk/Reward Index
Table: Emerging Europe Insurance Risk/Reward Index

Market Overview

Life Market Overview

The Product Offering

The Competitive Landscape
Table: Russia Life Insurance Market (USDmn) 2009-2013

Non-Life Market Overview

The Product Offering

The Competitive Landscape
Table: Russia Non-Life Insurance Market (USDmn) 2011-2013

Company Profile

MetLife

Rosgosstrakh (RGS)

Methodology

Industry Forecast Methodology

Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

Note: Product cover images may vary from those shown
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MetLife
Rosgosstrakh (RGS)

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown

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Our Clients

  • Transatlantic Holdings, Inc.
  • Aon Plc.
  • Swiss Reinsurance Company Ltd.
  • Prudential Financial, Inc.
  • General Reinsurance Corporation
  • ING Group