Published on : Nov 20, 2018
Albany, New York, November 20, 2018: Russian insurance market endured a torrid time for two years until 2016. Life insurance salvaged the Russian insurance market with the rise of 150% in the volume of premiums. This could be attributed to the ‘active distribution of unit-linked life insurance products. Life insurance has been the center of attention for companies, the media and the regulator. By 2022, it is feasible that the share of life insurance premium could near half of the volume of the insurance premiums. These insights are according to the report titled “Strategic Market Intelligence Life Insurance In Russia Key Trends And Opportunities To 2022,”which has been recently added to the repository of Market Research Hub.
Investment life insurance is growing in popularity due to the plunge in the demand of banks for deposits and falling interest rates. However, banks and insurers have to battle hard with brokers and mutual funds. On the other hand, credit life insurance and endowment life insurance will witness a surge. Nevertheless, mounting retail bank lending will boost the credit life insurance segment.
Russia’s lowest unprofitability ratio is seen in Altai Republic, Republic of Kalmykia and the Tver and the Chechen republic. Meanwhile, republic of khakassia, the Saratov region and the republic of tatastan has highest loss ratio.
Strategic Market Intelligence: Life Insurance in Russia—key Trends and Opportunities to 2022: Report Content
The perusal of this report furnishes a thorough assessment on life insurance in Russia. Furthermore, the report delineates an in-depth analysis with regards to market size. Essentially, the report peruses major drivers, restraints, trends, predominant players in the market and product categories along with market estimation.
The report also shows the value for major performance indicators such as incurred loss, written premium, commissions and expenses, total investment income, net earned premium during the review period and assessment period, combined ratio and total assets. Besides, report also gives an exhaustive overview of the Russian economy and gives thorough information on competitive landscape in Russia. Moreover, the report also incorporates details of government regulations and changes in the regulatory structure, FDI, investment opportunities, government initiatives and enterprise structure.
The report begins with the executive summary which illustrates regulatory structure, taxation regime, government initiatives and overall Russian insurance industry. Besides, a comprehensive analysis of the competitive landscape highlights profiles of eminent players in the global market space. Also, the report analyses the strategic moves, areas of interest, and developments undertaken by major players in the market.
Strategic Market Intelligence: Life Insurance in Russia—key Trends and Opportunities to 2022: Research Methodology
A thorough research methodology has been adopted with respect to providing a research approach incorporating of secondary and primary research. The insights in the report is the result of an in-depth secondary research, primary interviews and in-house reviews by panel of experts.
The secondary research incorporates SEC filings, company websites and presentations by investors, industry white paper and statistical database. Besides, the primary research embodies face to face interviews, phonic interviews and e-mail interaction. To provide the readers with authentic report, a panel of expert examines the data collected from various sources.
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