2013-03-02 15:35:05 - Recently published research from Business Monitor International, "Russia Insurance Report Q2 2013", is now available at Fast Market Research

The Russia Insurance Report considers the prospects for both life and non-life (including Compulsory Medical Expenses Insurance - CMEI) insurers in that country. At first glance, the prospects appear quite exciting. By any standard, the Russian non-life segment is both large and rapidly growing. According to the Federal Financial Markets Service (FFMS), premiums increased by about one fifth in H112 relative to the previous corresponding period. Life premiums are surging - if from very low levels. The regulator has imposed new - and more stringent - capital requirements, which has contributed to the ongoing rationalisation of the insurance sector.

Nevertheless, as of early 2013, it remains easy to identify weaknesses in the Russian insurance sector. Thus far, much of the development

of the industry has depended on the growth of compulsory lines. Financial literacy among households is low. Most fundamentally, Russian households do not have sufficient trust to engage in long-term contractual relationships with the life companies. Although foreign insurers have a significant presence (particularly in the life segment), they already account for 25% of the aggregate capital - the legal limit - within the segment. Many insurers face downwards pressure on prices and margins - whether from competitors or distributors. The move by savings bank giant Sberbank to become the leading player in bancassurance in Russia is a positive wildcard, but provides no guarantee that life insurance will move beyond an embryonic level of development within the forecast period.


Full Report Details at
- www.fastmr.com/prod/541271_russia_insurance_report_q2_2013.aspx


The report incorporates BMI's latest economic forecasts and projections for relevant aspects of the Russian economy, such as spending on healthcare and registrations of automobiles. Crucially, the report places the Russian insurance sector in the context of all the other national markets that are surveyed by BMI.

Report Table of Contents:

BMI Industry View
- Table: Russia's Total Premiums, 2010-2017
SWOT
- Insurance
- Business Environment
- Economic
- Political
Industry Forecast
- Life
- Table: Russia's Total Life Premiums, 2010-2017
- Non Life
- Table: Russia's Non-Life Premiums, 2010-2017
Industry Risk Reward Ratings
- Table: Russia's Insurance Risk/Reward Rating
- Table: Central And Eastern Europe Insurance Risk/Reward Ratings
Market Overview
- Life Sector Update
- Non Life Sector Update
Industry Trends And Developments
- Life Growth Drivers And Risk Management Projection
- Population
- Table: Insurance Key Drivers - Demographics, 2010-2017
- Non Life Growth Drivers And Risk Management Projections
- Macroeconomic Outlook
- Table: Russia - Economic Activity
- Political Stability Outlook
- Table: Europe Security Risk Ratings
- Epidemiology
- Table: Insurance Key Drivers, Disease Adjusted Life Years 2005-2017
- Motor
- Table: Insurance Key Drivers, Autos 2011-2017
Competitive Landscape
Company Profile
- Allianz
- BNP Paribas Cardif
- ERGO
- Generali PPF Holding
- Metlife
- Rosgosstrakh (RGS)
- UNIQA Group
- Vienna Insurance Group (VIG)
- Zurich Insurance Group
- Regional Overview
- Central And Eastern Europe Life Sector Overview
- Table: Central And Eastern European Life Premiums, 2010-2017 (US$mn)
- Central And Eastern Europe Non Life Sector Overview
- Table: Central And Eastern European Non-Life Premiums, 2010-2017 (US$mn)
Demographic Forecast
- Table: Russia's Population By Age Group, 1990-2020 ('000)
- Table: Russia's Population By Age Group, 1990-2020 (% of total)
- Table: Russia's Key Population Ratios, 1990-2020
- Table: Russia's Rural And Urban Population, 1990-2020
Methodology
- Insurance Risk/Reward Ratings
- Table: Insurance Risk/Reward Ratings Indicators And Rationale
- Weighting
- Table: Weighting Of Indicators

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010

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