Non-Life Insurance Market in Russia - Global Region Industry Size, Share, Trend, Key Trends and Opportunities to 2018

The report provides in-depth market analysis, information and insights into the Russian non-life insurance segment, including:

The Russian non-life insurance segment’s growth prospects by non-life insurance categories

Key trends and drivers for the non-life insurance segment

The various distribution channels in the Russian non-life insurance segment

The detailed competitive landscape in the non-life insurance segment in Russia

Detailed regulatory policies of the Russian insurance industry

A description of the non-life reinsurance segment in Russia

Porter's Five Forces analysis of the non-life insurance segment

A benchmarking section on the Russian non-life insurance segment in comparison with other countries in the BRICS region

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Executive summary

Russia has the second largest non-life insurance segment, after China, in the BRIC countries (Brazil, Russia, India and China) in terms of gross written premium. However, the segment is relatively underpenetrated; non-life insurance penetration in Russia was just 0.88% in 2013, while it was 3.10% in the UK, 2.05% in Germany and 1.17% in Brazil. This indicates positive growth potential, especially in categories such as motor hull and residential insurance. Following regulatory changes, the segment underwent a period of consolidation as larger insurers acquired smaller ones, while some exited the segment altogether. Over the forecast period (2013−2018), the growth of the non-life segment will be driven by Russia’s growing automobile and construction sectors, the introduction of new mandatory insurance classes, and an increase in foreign direct investment (FDI) limits. The gross written premium of the non-life segment rose at a review-period (2009−2013) compound annual growth rate (CAGR) of 11.0%. The value is projected to...