Russia Insurance Report - Business Monitor International - Industry Reports

Russia Insurance Report

Russia Insurance Report - Business Monitor International - Industry Reports
Russia Insurance Report
Published Sep 03, 2016
50 pages — Published Sep 03, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

We currently look for premiums to rise from RUR---bn in ---- to RUR---bn in ----. Given that inflation has been running at about -.- annually and is expected to persist, the segment is, by this metric, shrinking in real terms. ...Most households are not able to afford the offerings of the life insurance companies. Those that are able (and, in particular, those households that are rich by international standards) tend to prefer other conduits (such as foreign real estate) for their savings. Russia has a large population which offers a substantial potential life market. We forecast life expectancy to improve in the coming years given government investment in improving the healthcare sector. The current population therefore presents a sizeable market to insurance companies compared with other European

...Periodic interest in Russia s life insurance market by international companies, and the growth in bancassurance that is being driven by leading institutions such as MDM Bank and Sberbank obscure a number of basic, and unpalatable, facts. ...The basic problem has long been, and remains, an absence of trust in financial institutions. Russia s general business environment and economic and political history mean that households and companies are reluctant to enter into long-term contracts which are the essence of life insurance. We see no catalyst for this to change, either in the coming year or through the remainder of the forecast period. ...Russia s general business environment and economic and political history mean that households and companies are reluctant to enter into long-term contracts which are the essence of life insurance. We see no catalyst for this to change, either in the coming year or through the remainder of the forecast period.

...< ALACRA META ABSTRACT>BMI View: Much of Russia s non-life segment is vulnerable to weakness in volume growth as a result of deterioration in the economy. It is also likely that some insurers will suffer as a result of price competition. ...Neither the health insurance sub-sector, nor the non-life segment as a whole, appear set to grow in real terms. The structural constraints facing the life insurance segment are immense, and will likely not be resolved during the forecast period: life insurance will likely remain at an nascent level of development in ----. Neither the health insurance sub-sector, nor the non-life segment as a whole, appear set to grow in real terms. ...

  
Source:
Document ID
1750-5739
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Russia Insurance Report" Sep 03, 2016. Alacra Store. Dec 02, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Russia-Insurance-Report-2026-245>
  
APA:
Business Monitor International - Industry Reports. (2016). Russia Insurance Report Sep 03, 2016. New York, NY: Alacra Store. Retrieved Dec 02, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Russia-Insurance-Report-2026-245>
  
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