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Insurance in Russia

Published: November 2012 · Publisher: MarketLine
Insurance in Russia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016).
Report Type Industry Profiles
Language English
Format Electronic (PDF)
Pages30
Frequency Updated Annually
Availability Will be emailed within 1 business day
Reference No. 0109-2283
Price € 259,00
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Introduction

Insurance in Russia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Russia insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights

*The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes. The life insurance sector consists of mortality protection and annuity. The non-life insurance sector consists of accident and health, and property and casualty insurance segments. The insurance market depends on a variety of economic and non-economic factors, and future performance is difficult to predict. The forecast given in this report is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and growth of base drivers, such as house price growth, GDP growth and long-term interest rates. All currency conversions have been calculated at constant annual 2011 average exchange rates.

*The Russian insurance market had total gross written premiums of $43.3 billion in 2011, representing a compound annual growth rate (CAGR) of 13.1% between 2007 and 2011.

*The non-life insurance segment was the market's most lucrative in 211, with total gross written premiums of $42.1 billion, equivalent to 97.3% of the market's overall value.

*The performance of the market is forecast to decelerate, with an anticipated CAGR of 12.2% for the five-year period 2011 - 2016, which is expected to drive the market to a value of $77.2 billion by the end of 2016.

Features

Save time carrying out entry-level research by identifying the size, growth, and leading players in the insurance market in Russia

Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Russia

Leading company profiles reveal details of key insurance market players’ global operations and financial performance

Add weight to presentations and pitches by understanding the future growth prospects of the Russia insurance market with five year forecasts

Macroeconomic indicators provide insight into general trends within the Russia economy

Key Questions Answered

What was the size of the Russia insurance market by value in 2011?

What will be the size of the Russia insurance market in 2016?

What factors are affecting the strength of competition in the Russia insurance market?

How has the market performed over the last five years?

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TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market Segmentation 9
Category segmentation 9
Geography segmentation 10
Market Outlook 11
Market value forecast 11
Five Forces Analysis 12
Summary 12
Buyer power 13
Supplier power 14
New entrants 15
Threat of substitutes 16
Degree of rivalry 17
Leading Companies 18
Ingosstrakh Insurance Company 18
RESO-Garantia 21
Rosgosstrakh 22
SOGAZ Insurance Group 23
Macroeconomic Indicators 26
Country Data 26
Appendix 28
Methodology 28
Industry associations 29
Related research 29

LIST OF TABLES
Table 1: Russia insurance market value: $ billion, 2007–11 8
Table 2: Russia insurance market category segmentation: $ billion, 2011 9
Table 3: Russia insurance market geography segmentation: $ billion, 2011 10
Table 4: Russia insurance market value forecast: $ billion, 2011–16 11
Table 5: Ingosstrakh Insurance Company: key facts 18
Table 6: Ingosstrakh Insurance Company: key financials ($) 18
Table 7: Ingosstrakh Insurance Company: key financials (RUB) 19
Table 8: Ingosstrakh Insurance Company: key financial ratios 19
Table 9: RESO-Garantia: key facts 21
Table 10: Rosgosstrakh: key facts 22
Table 11: SOGAZ Insurance Group: key facts 23
Table 12: SOGAZ Insurance Group: key financials ($) 23
Table 13: SOGAZ Insurance Group: key financials (RUB) 24
Table 14: SOGAZ Insurance Group: key financial ratios 24
Table 15: Russia size of population (million), 2007–11 26
Table 16: Russia gdp (constant 2000 prices, $ billion), 2007–11 26
Table 17: Russia gdp (current prices, $ billion), 2007–11 26
Table 18: Russia inflation, 2007–11 27
Table 19: Russia consumer price index (absolute), 2007–11 27
Table 20: Russia exchange rate, 2007–11 27

LIST OF FIGURES
Figure 1: Russia insurance market value: $ billion, 2007–11 8
Figure 2: Russia insurance market category segmentation: % share, by value, 2011 9
Figure 3: Russia insurance market geography segmentation: % share, by value, 2011 10
Figure 4: Russia insurance market value forecast: $ billion, 2011–16 11
Figure 5: Forces driving competition in the insurance market in Russia, 2011 12
Figure 6: Drivers of buyer power in the insurance market in Russia, 2011 13
Figure 7: Drivers of supplier power in the insurance market in Russia, 2011 14
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Russia, 2011 15
Figure 9: Factors influencing the threat of substitutes in the insurance market in Russia, 2011 16
Figure 10: Drivers of degree of rivalry in the insurance market in Russia, 2011 17
Figure 11: Ingosstrakh Insurance Company: revenues & profitability 19
Figure 12: Ingosstrakh Insurance Company: assets & liabilities 20
Figure 13: SOGAZ Insurance Group: revenues & profitability 24
Figure 14: SOGAZ Insurance Group: assets & liabilities 25
Copyright © FriedlNet. You may share using our tools Please don't cut content from FriedlNet and redistribute by email or post to the web.