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Tuesday, 22 September 2015

Personal Accident and Health Insurance in Russia, Key Trends and Opportunities to 2019

Synopsis

Personal Accident and Health Insurance in the Russia, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Russian personal accident and health insurance segment, including:

The Russian personal accident and health insurance segment’s growth prospects by insurance category
Key trends, drivers and challenges for the personal accident and health insurance segment
A comprehensive overview of Russia's economy and demographics
Details of the competitive landscape in the personal accident and health insurance segment in Russia
Details of regulatory policy applicable to the Russian insurance industry

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Executive summary

Personal Accident and Health Insurance in the Russia, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the Russian personal accident and health insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of Russia's economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s 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 regulatory structure.

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Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Russia:

It provides historical values for the Russian personal accident and health insurance segment for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.
It offers a detailed analysis of the key categories in the Russian personal accident and health insurance segment, and market forecasts to 2019.
It profiles the top personal accident and health insurance companies in Russia, and outlines the key regulations affecting them.

Reasons to buy

Make strategic business decisions using in-depth historic and forecast market data related to the Russian personal accident and health insurance segment and each category within it.
Understand the demand-side dynamics, key market trends and growth opportunities in the Russian personal accident and health insurance segment.
Assess the competitive dynamics in the personal accident and health 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

The Russian personal accident and health insurance gross written premium increased at a review-period CAGR of 27.0%.

The Russian insurance industry underwent a series of regulatory changes during the review period.

The Russian government amended the law on FDI in insurance in 2014, raising the FDI cap from 25% to 49%, without any restriction on operations.

The Russian government made amendments to the Legal Status of Foreign Citizens in Russia law and implemented the Health 2020 and Pharmaceutical 2020 program.

Health insurance accounted for 93.8% of the segment's gross written premium in 2014, followed by personal accident insurance.

The Russian personal accident and health insurance segment is concentrated, with the 10 leading companies collectively accounting for 61.2% of the segment’s gross written premium in 2014.

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