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Non-Life Insurance in Russia

  • ID: 1954657
  • Report
  • February 2020
  • Region: Russia
  • 44 pages
  • MarketLine
1h Free Analyst Time

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FEATURED COMPANIES

  • Rosgosstrakh
  • Sberbank Rossii
  • VTB Insurance Ltd
  • MORE
Non-Life Insurance in Russia

Summary

Non-Life Insurance in Russia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the report have been calculated using constant 2018 annual average exchange rates.
  • The Russian non-life insurance market had total gross written premiums of $16.3bn in 2018, representing a compound annual rate of change (CARC) of -12.2% between 2014 and 2018.
  • High levels of household disposable income alongside lower consumer confidence in 2018 boosted sales for non-life insurance products.
  • Premium increases in motor insurance over the last two years offset declining demand in 2015 due to a slump in car sales amid economic recession, with gross written premiums growing above inflation.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Russia
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Russia
  • Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Russia non-life insurance market with five year forecasts
Reasons to Buy
  • What was the size of the Russia non-life insurance market by value in 2018?
  • What will be the size of the Russia non-life insurance market in 2023?
  • What factors are affecting the strength of competition in the Russia non-life insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitiors in Russia's non-life insurance market?
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • Rosgosstrakh
  • Sberbank Rossii
  • VTB Insurance Ltd
  • MORE
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape

2 Market Overview
2.1. Market definition
2.2. Market analysis

3 Market Data
3.1. Market value

4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation

5 Market Outlook
5.1. Market value forecast

6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do the leading players follow?
7.4. What is the rational for the recent M&A activity?

8 Company Profiles
8.1. Sberbank Rossii
8.2. Alfa Group Consortium (Wealth Management)
8.3. Rosgosstrakh
8.4. VTB Insurance Ltd

9 Macroeconomic Indicators
9.1. Country data

10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Author

List of Tables
Table 1: Russia non-life insurance market value: $ billion, 2014-18
Table 2: Russia non-life insurance market category segmentation: $ billion, 2018
Table 3: Russia non-life insurance market geography segmentation: $ billion, 2018
Table 4: Russia non-life insurance market value forecast: $ billion, 2018-23
Table 5: Russia non-life insurance market share: % share, by value, 2018
Table 6: Sberbank Rossii: key facts
Table 7: Sberbank Rossii: Annual Financial Ratios
Table 8: Sberbank Rossii: Key Employees
Table 9: Sberbank Rossii: Key Employees Continued
Table 10: Alfa Group Consortium (Wealth Management): key facts
Table 11: Alfa Group Consortium (Wealth Management): Key Employees
Table 12: Rosgosstrakh: key facts
Table 13: Rosgosstrakh: Annual Financial Ratios
Table 14: VTB Insurance Ltd: key facts
Table 15: VTB Insurance Ltd: Key Employees
Table 16: Russia size of population (million), 2014-18
Table 17: Russia gdp (constant 2005 prices, $ billion), 2014-18
Table 18: Russia gdp (current prices, $ billion), 2014-18
Table 19: Russia inflation, 2014-18
Table 20: Russia consumer price index (absolute), 2014-18
Table 21: Russia exchange rate, 2014-18

List of Figures
Figure 1: Russia non-life insurance market value: $ billion, 2014-18
Figure 2: Russia non-life insurance market category segmentation: % share, by value, 2018
Figure 3: Russia non-life insurance market geography segmentation: % share, by value, 2018
Figure 4: Russia non-life insurance market value forecast: $ billion, 2018-23
Figure 5: Forces driving competition in the non-life insurance market in Russia, 2018
Figure 6: Drivers of buyer power in the non-life insurance market in Russia, 2018
Figure 7: Drivers of supplier power in the non-life insurance market in Russia, 2018
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Russia, 2018
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Russia, 2018
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Russia, 2018
Figure 11: Russia non-life insurance market share: % share, by value, 2018
Note: Product cover images may vary from those shown
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  • Sberbank Rossii
  • Alfa Group Consortium (Wealth Management)
  • Rosgosstrakh
  • VTB Insurance Ltd
Note: Product cover images may vary from those shown
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