Non-Life Insurance In Russia, Key Trends And Opportunities To 2017
The report provides in depth market analysis, information and insights into the Russian non-life insurance segment , including:
· The Russian non-life insurance segment’s growth prospects by non-life insurance categories
· Key trends and drivers for the non-life insurance segment
· The various distribution channels in the Russian non-life insurance segment
· Detailed competitive landscape in the non-life insurance segment in Russia
· Detailed regulatory framework of the Russian insurance industry
· A description of the non-life reinsurance segment in Russia
· Porter's Five Forces Analysis of the non-life insurance segment
· Benchmarking section on the Russian non-life insurance segment in comparison to other CEE countries
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Executive summary
The Russian non-life insurance segment increased at a CAGR of 6.1% during the review period. The government has undertaken several initiatives to improve the legal environment which helped to increase the demand for insurance products. During 2011−2012, the government introduced two new mandatory insurance classes: hazardous industrial facilities insurance and carriers’ liability insurance for underground railways.
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Over the forecast period industry growth will be driven by growing automobile and construction markets and the introduction of new mandatory insurance policies and an increase in FDI limits.
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