Press release
Life Insurance Segment in Russia, Key Trends and Opportunities to 2021
Synopsis
Timetrics 'Life Insurance in Russia, Key Trends and Opportunities to 2021' report provides a detailed outlook by product category for the Russian life insurance segment, and a comparison of the Russian insurance industry with its regional counterparts.
It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (20122016) and forecast period (20162021).
The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Russian economy and demographics, and provides detailed information on the competitive landscape in the country.
The report brings together Timetrics research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.
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Summary
Timetrics 'Life Insurance in Russia, Key Trends and Opportunities to 2021' report provides in-depth market analysis, information and insights into the Russian life insurance segment, including:
An overview of the Russian life insurance segment
The Russian life insurance segments growth prospects by category
A comprehensive overview of the Russian economy and demographics
A comparison of the Russian life insurance segment with its regional counterparts
The various distribution channels in the Russian life insurance segment
Details of the competitive landscape in the life insurance segment in Russia
Details of regulatory policy applicable to the Russian insurance industry
Scope
This report provides a comprehensive analysis of the life insurance segment in Russia:
It provides historical values for the Russian life insurance segment for the reports 20122016 review period, and projected figures for the 20162021 forecast period.
It offers a detailed analysis of the key categories in the Russian life insurance segment, and market forecasts to 2021.
It provides a comparison of the Russian life insurance segment with its regional counterparts
It analyzes the various distribution channels for life insurance products in Russia.
It profiles the top life insurance companies in Russia and outlines the key regulations affecting them.
View Report @ https://www.marketresearchreports.biz/reports/1328142/life-insurance-in-russia-key-trends-and-opportunities-to-2021-market-research-reports
Reasons To Buy
Make strategic business decisions using in-depth historic and forecast market data related to the Russian life insurance segment, and each category within it.
Understand the demand-side dynamics, key market trends and growth opportunities in the Russian life insurance segment.
Assess the competitive dynamics in the life insurance segment.
Identify growth opportunities and market dynamics in key product categories.
Gain insights into key regulations governing the Russian insurance industry, and their impact on companies and the industry's future.
Key Highlights
In February 2017, the Bank of Russia (BoR) enforced a new regulation on the formation of insurance reserves for life insurance companies. If the Bank of Russia finds it necessary to amend the methods used to calculate insurance reserves, life insurers must make and implement the required changes even if the method differs from the regulation.
In September 2016, the Public Chamber of Russia proposed a compulsory life cover for firemen. The proposed compensation limit for a policy is RUB5.0 million (US$82,051.1).
Sogaz Insurance Group acquired a 100% stake in JSC Zhaso by acquiring a 75.0% stake in United Credit Systems February 2016, in addition to its 25% stake held in December 2015.
In 2016, the CBR revoked the licenses of several insurance companies due to non-compliance with financial stability requirements. Dostoinstvo Life Insurance Company, Regard Insurance LLC, Apogei Med Limited Liability Insurance Company, Priority Insurance Company, Asko Skel Plus LLC and Rodina Insurance LLC all lost their licenses.
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