Abstract
RNCOS' report, “Booming Russian Insurance Sector (2007-2010)”,
provides extensive research and objective analysis of the growing insurance
industry, its product quality, and services in Russia. This report helps
clients to analyze the leading-edge opportunities critical to the success of
the insurance Industry in Russia. Detailed data and analysis helps investors,
financial service providers, and global banking players to navigate through
the evolving insurance market in Russia.
Key Findings
- In 1H 2006, volume of CMTPL premium amounted to Ruble 29.4 Billion (US$
1.14 Billion), increasing by 14.8% (against 9.2% in 1H 2005).
- Mergers and Acquisitions will be the future place of growth.
- Insurance fraud is on rise in Russia. Percentage of insurance fraud in the
country reached to 30-35% during 2005 - higher than 10-15% in other countries.
Key Issues and Facts Analyzed
- The research report also addresses the issues and facts that are critical
to the success of insurance business in Russia:
What are the marketing strategies of the players in the insurance industry?
How is the growth in health and accidental insurance driving the insurance
sector in Russia? What are the opportunities and challenges for the players in
Russian insurance market? What will be the prospective areas of investments in
the insurance industry in the near future? Which factors will lead to the
growth of Life and Non-life insurance in Russia?
Key Products Analyzed
Key products like Life and Non-life insurance have been analyzed, supported by
facts like revenue and market trends.
Key Players
This section provides an overview of some of the key players in this industry
like Ingosstrakh, RESO-Garantia and Rosgosstrakh.
Research Methodology Used
Information Sources
Information has been sourced from namely, Books, Newspapers, trade journals,
and white papers, industry portals, government agencies, trade associations,
monitoring industry news and developments, and through access to access to
more than 3000 paid databases.
Analysis Methods
The analysis methods include the following: Ratio Analysis, Historical Trend
Analysis, Linear Regression Analysis using software tools, Judgmental
Forecasting and Cause and Effect Analysis.
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