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Russian Insurance Industry - Global Strategic Business Report Product Image

Russian Insurance Industry - Global Strategic Business Report

  • Published: March 2008
  • Region: Global, Russia
  • 33 pages
  • Global Industry Analysts, Inc

The Russian Insurance Industry Report provides insightful analysis, market briefs, industry structure, and outlook of life and non-life insurance industries in the country. Get a rudimentary insight into the market trends & issues, and regulatory environment within the country. Also provided in the report is a compilation and discussion on recent spate of mergers & acquisitions and other industry activities, which have irreversibly changed the landscape of the industry. The report also peeps into the recent past/ historical perspective of the country’s insurance market. A regional level discussion also looks into the leading companies’ footing in these markets along with their annual written premiums and/ or market shares. The report discusses several key and niche players such as Ingosstrakh, RESO-Garantia, and Soglassye Insurance Company.

Please note: Reports are sold as single-site single-user licenses. The delivery time for hard copies is between 3-5 business days, as each hard copy is custom printed for the organization ordering it. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks.

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RUSSIAN INSURANCE INDUSTRY

A STRATEGIC BUSINESS REPORT

CONTENTS

1. Industry at a Glance RU-1
Market Overview RU-1
Insurance Sector Representation RU-1
Table 1: Russian Recent Past, Current & Future Analysis for
Insurance Industry by Segment - Life & Non-Life Markets
Independently Analyzed with Annual Premium Income in US$
Billion for the Years 2006 through 2010 (includes
corresponding Graph/Chart) RU-2

Table 2: Russian 5-Year Perspective for Insurance Industry by
Segment - Percentage Breakdown of Premium Income for Life and
Non-Life Markets for 2006, 2008, and 2010 (includes
corresponding Graph/Chart) RU-2

Table 3: Russian Insurance Industry (2007 & 2008): Percentage
Breakdown of Premium Income by Category - Property, Medical,
Personal, Motor, Liability, Life and Others (includes
corresponding Graph/Chart) RU-3

Table 4: Russian Insurance Industry (2006 & 2007): Premium
Income in US$ Million by Leading Companies for Rosgosstrakh,
Ingosstrakh, Sogaz, Reso, Rosno, VSK, Kapital IG, Soglasie,
Uralsib IG, and Alfa (includes corresponding Graph/Chart) RU-3
Voluntary Vs. Compulsory Insurance RU-4
Table 5: Russian Insurance Market (2007 & 2008): Premium
Income in US$ Billion for Voluntary and Compulsory Insurance RU-4

Table 6: Russian Voluntary Insurance Market (2007 & 2008):
Percentage Breakdown of Market Share by Premium Income by
Category - Property Insurance, Personal Insurance, Liability
Insurance, Life Insurance and Others (includes corresponding
Graph/Chart) RU-4

Table 7: Russian Compulsory Insurance Market (2007 & 2008):
Percentage Breakdown of Market Share by Premium Income by
Category - Medical, Motor and Others (includes corresponding
Graph/Chart) RU-5

Table 8: Insurance Industry in Hong Kong (2006): Per Capita
Premium in US$ and Premium as % of GDP by Category - Life and
Non-Life RU-5
Rationalizing Growth RU-5
OMS Picks up Well RU-5
Consolidation Rife RU-6
Tax Waiver Boosts Life Insurance Sector Prospects RU-6
Automobile and Property Insurance To Rise And Shine In Future RU-6
Insurance Market Snapshots - A Review of Recent Past RU-6
Table 9: Russian Insurance Market (2003): Percentage
Breakdown by Insurance Premium in RR Billion by Category -
Mandatory Insurance (Mandatory Motor, Mandatory Medical
Insurance, Personal Passenger Insurance, State Insurance of
Military Personnel) and Voluntary Insurance (Liability
Insurance, Life Insurance, Personal Insurance (other than
life), and Property Insurance) (includes corresponding
Graph/Chart) RU-7

2. Market Trends and Issues RU-8
Financial Services Outlook: Insurance Industry to Expand RU-8
Non-life Segment to Drive Insurance Market in Russia RU-8
Insurance Industry Outpaces GDP Growth RU-8
Problems Galore RU-9
A Ray of Hope RU-9
Profitable Sectors RU-9
Regional Insurers Have a Major Say RU-10
High Level of Cross Border Reinsurance RU-10
Limitations of Russian Insurance Market RU-10
Small Business Insurance - The Next Big Thing RU-10
Insurance Companies Set Out on IPO RU-10

3. Role of Foreign Insurers in Russia RU-11
Problems Continue to Dog Foreign Players RU-11
Reinsurance Sector Led by Overseas Players RU-11

4. Regulatory Environment RU-12
The Supervisory Authority RU-12
Responsibilities of Department of Insurance Supervision RU-12
Powers RU-12
Rights RU-13
General Rules and Regulations RU-13
Licensing RU-13
Accounting RU-14

5. Review of the Sectors RU-15
Life and Savings Market RU-15
Pension Reforms RU-15
Voluntary Medical Insurance RU-15
Market Leaders: Life Insurance RU-16
Table 10: Russian Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for
Stolichnoe, UralSib, Yakor, Natsionalnaya, Standart Reserv,
Gorodskaya, Rosno, Pomoshch, Reso Garantiya, and
Rosgosstrakh (includes corresponding Graphs/Chart) RU-16

Table 11: Top-Five Players in the Russian Life Insurance
Industry (2002) - Gross Written Premium in US$ Million for
PSK, Yakor, Liga, National Insurance, and CA Vesta (includes
corresponding Graphs/Chart) RU-17
Non-Life Insurance: A Concentrated Sector RU-17
Automobile Insurance RU-17
Russian Companies Form Union of Automobile Insurers RU-17
Table 12: Russian Non-Life Insurance Industry (2005):
Percentage Breakdown of Gross Premiums by Category -
Accident & Illness, Legal Entity Cargo, Legal Entity MOD,
OMTPL, Private Cargo, Private MOD, Private Property, Legal
Entity Property, Voluntary Medical, and Others (includes
corresponding Graph/Chart) RU-18
Market Leaders: Non-Life RU-18
Table 13: Leading Players in Russian Non-Life Insurance
Industry (2005): Gross Premiums in US$ Million and Number of
Agents for Select Companies - Alfa Insurance, Ingosstrakh,
Lider, MAKS, RESO, Rosgosstrakh, ROSNO, SOGAZ, UralSib, and
VSK (includes corresponding Graph/Chart) RU-18

Table 14: Russian Medical Insurance Market (2006 & 2007):
Premiums in US$ Million by Leading Companies for MAKS,
Sogaz, Kapital, Yugoriya and Ingosstrakh (includes
corresponding Graph/Chart) RU-19

Table 15: Russian Motor Insurance Market (2006 & 2007):
Premiums in US$ Million by Leading Companies for
Ingosstrakh, Rosgosstrakh, Reso, Rosno and Alfa (includes
corresponding Graph/Chart) RU-19

Table 16: Russian Property Insurance Market (2006 & 2007):
Premiums in US$ Million by Leading Companies for Sogaz,
MAKS, Rus Ins, Rosgosstrakh and Reso (includes corresponding
Graph/Chart) RU-19

Table 17: Leading Players in Russian Accident & Illness
Insurance Market (2005): Gross Premiums in US$ Million for
Ingosstrakh, MAKS, NASTA, RESO, Rosgosstrakh, ROSNO,
UralSib, and VSK (includes corresponding Graph/Chart) RU-19

Table 18: Leading Players in Russian Legal Entity Property
Insurance Market (2005): Gross Premiums in US$ Million for
ROSNO, VSK, Rosgosstrakh, and Ingosstrakh (includes
corresponding Graph/Chart) RU-20

Table 19: Leading Players in Russian Legal Entity Cargo
Insurance Market (2005): Gross Premiums in US$ Million for
Rosgosstrakh, Pari, and Ingosstrakh (includes corresponding
Graph/Chart) RU-20

Table 20: Leading Players in Russian Voluntary Medical
Insurance Market (2005): Gross Premiums in US$ Million for
Alfa, Ingosstrakh, MAKS, RESO, Renaissance, Rosgosstrakh,
ROSNO, UralSib, and VSK (includes corresponding Graph/Chart) RU-20

Table 21: Leading Players in Russian Combined MOD Insurance
Market (2005): Gross Premiums in US$ Million for Alfa,
Ingosstrakh, MAKS, RESO, NASTA, Renaissance, Rosgosstrakh,
ROSNO, Rossiya, SOGAZ, Soglasie, Standart Reserve, UralSib,
and VSK (includes corresponding Graph/Chart) RU-21

Table 22: Russian Non-Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for
Ingosstrakh, Reso Garantiya, Rosgosstrakh, Sogaz, Rosno,
Soglasiye, Natsionalnaya, MAKS, UralSib, and Alfa (includes
corresponding Graphs/Chart) RU-21

Table 23: Top-Five Players in the Russian Non-Life Insurance
Industry (2002) - Gross Written Premium in US$ Million for
Ingosstrakh, Reso- Garantia, Soglasie, ROSNO, and Lukoil
(includes corresponding Graphs/Chart) RU-22
Reinsurance RU-22
Table 24: Russian Recent Past, Current & Future Analysis for
Reinsurance Industry with Premiums in US$ Million for the
Years 2005 through 2009 (includes corresponding Graph/Chart) RU-22

Table 25: Russian Reinsurance Industry (2007 & 2008):
Percentage Breakdown of Premium Income by Category for
Property, Personal, Liability, Life, Motor and Others
(includes corresponding Graph/Chart) RU-23

Table 26: Leading Players in the Russian Reinsurance Market
(2006 & 2007): Written Premiums in US$ Million by Leading
Reinsurance Companies for Kapital Re, Transsib Re, Megaruss
Re, Moscow Re, and Russian Reinsurance Co (includes
corresponding Graph/Chart) RU-23

6. Outlook RU-24
Focus on Reserve Practices RU-24
Reforms - Key for Development RU-24

7. A Recent Past Perspective RU-25
Post September 11 Attacks: Russian Economy Presents a Rosy
Picture RU-25
Competition and Control Lower Market’s Fragmentation RU-25
Capital & Start ups of Insurance Firms: A 2000 Scenario RU-25
Life Insurance Dominated the Scene RU-25
Leading Auto Insurers RU-26
Table 27: Leading Auto Insurers in Russia by Insurance
Premium & Claims Paid for 2001 (In Russian Ruble Million)
(includes corresponding Graphs/Chart) RU-26

8. Recent Industry Activity in Russia RU-27
Allianz Acquires Stake in ROSNO RU-27
Zurich Purchases Majority Stake in Nasta RU-27
Fortis Commences Life Insurance Business RU-27
VSK to Divest a Major Stake in Insurance Subsidiary RU-27
Aviva to Sell Protection Products in Russia RU-27
R & SA and Direct Insurance Financial Investments Forms Joint
Venture RU-27
The Aton Investment House Acquires Stake in Rossia Insurance
Company RU-28
Russian Insurance Majors Form Anti-Terror Insurance Pool RU-28
Finansovyj Assistent Acquires Stake in Moskovskaya Strakhovaya
Kompaniya RU-28
Allianz Purchases Stake in Rosno RU-28
RESO-Garantiya Acquires 55% Stake in Petrovskaya Strakhovaya
Gruppa RU-29
Ingosstrakh (Russia) Appointed Regional Insurance Coordinator RU-29

9. Focus on Select Russian Players RU-30
Ingosstrakh RU-30
RESO-Garantia RU-30
Soglassye Insurance Company RU-30

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