This report "Booming Russian Insurance Sector (2007-2010)" helps clients to analyze the leading-edge opportunities critical to the success of the insurance Industry in Russia. Detailed data and analysis helps investors, financial service providers, and global banking players to navigate through the evolving insurance market in Russia.
Key Findings
§ The automoble industry is growing. The car fleet of Russia rose year on year with a growth percentage between 1.5% and 5% during the period spanning 2000-2005.
§ In 1H 2006, volume of CMTPL premium amounted to Ruble 29.4 Billion (US$ 1.14 Billion), increasing by 14.8% (against 9.2% in 1H 2005).
§ Mergers and Acquisitions will be the future place of growth.
§ Insurance fraud is on rise in Russia. Percentage of insurance fraud in the country reached to 30-35% during 2005 - higher than 10-15% in other countries.
Key Issues and Facts Analyzed
The research report also addresses the issues and facts that are critical to the success of insurance business in Russia:
§ What are the marketing strategies of the players in the insurance industry?
§ How is the growth in health and accidental insurance driving the insurance sector in Russia?
§ What are the opportunities and challenges for the players in Russian insurance market?
§ What will be the prospective areas of investments in the insurance industry in the near future?
§ Which factors will lead to the growth of Life and Non-life insurance in Russia?
Key Products Analyzed
Key products like Life and Non-life insurance have been analyzed, supported by facts like revenue and market trends.
Key Players
This section provides an overview of some of the key players in this industry like Ingosstrakh, RESO-Garantia and Rosgosstrakh.
Research Methodology Used
Information Sources
Information has been sourced from namely, Books, Newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to access to more than 3000 paid databases.
Analysis Methods
The analysis methods include the following: Ratio Analysis, Historical Trend Analysis, Linear Regression Analysis using software tools, Judgmental Forecasting and Cause and Effect Analysis.
1. Analyst View
2. Research Overview
3. Global Insurance Industry
3.1 Top Insurance Companies
3.2 Reinsurance Market
3.2.1 Top Reinsurers
4. Global Insurance Premium
4.1 Top 30 Nations’ Insurance Premium
4.2 Russia Life Insurance Market in European Context
4.3 Russia Non-Life Insurance Premium in Global Context
5. Russia Insurance - An Overview
5.1 Capital of Insurance Market
5.1.1 Share of Foreign Capital
5.2 Number of Insurance Companies
5.3 Segments of Insurance
5.3.1 Voluntary Insurance
5.3.2 Compulsory Insurance
5.4 Life Insurance Market
5.4.1 Market Structure
5.4.1.1 Insurance Premium
5.4.1.1.1 Premium Distribution
5.5 Non-Life Insurance Market
5.5.1 Personal Insurance
5.5.2 Property Insurance
5.5.3 Liability Insurance
5.5.4 Compulsory Motor Third Party Liability (CMTPL)
5.5.5 Compulsory Medical Insurance (CMI)
6. Ranking of Insurance Companies
6.1 By Turnover
6.2 By Real Life Insurance Premium
6.3 By Property Insurance Premium
6.4 By Assets
6.5 By Premium - Non-Life Insurers
7. Industry Analysis
7.1 Driving Forces
7.1.1 Growing Automobile Industry Filliping the CMTPL
7.1.2 Rising Road Accidents
7.1.3 Foreign Direct Investment (FDI)
7.1.4 Population Growth
7.1.5 Urbanization of the Population
7.2 Opportunities
7.2.1 More Scope for Newer Products
7.2.2 Mergers & Acquisitions
7.2.3 Opportunity for Foreign Insurers, particularly in Life Insurance
7.2.4 Tie-ups with Banks - Churning Out Profits for Insurers
7.3 Challenges
7.3.1 Health Insurance
7.3.2 Insurance Fraud
7.3.3 Insurance Regulation
7.3.4 Tax Incentive for Health Insurance
7.3.5 Poverty
8. Future Outlook (2007-2010)
8.1 Life Insurance Market Forecast (2007-2011)
8.2 Non-Life Insurance Market Forecast (2007-2010)
9. Key Players
9.1 Ingosstrakh
9.2 RESO-Garantia
9.2.1 Rosgosstrakh
10. Reinsurance
10.1 Moscow Re
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