Reports by Industry
Reports by Company
- Company Analysis(173)
- Company Profile(60)
Russian Insurance Industry Gaining from Economic Stability
Feb 16, 2009
Although the Russian insurance industry is fairly underdeveloped, it has immense growth potential and is poised to grow rapidly in coming years, said “Russian Insurance Industry Forecast to 2010”, a new research report from RNCOS. The value of the life insurance market is expected to grow at a CAGR of 4.6% during 2008-2011.
Many government initiatives such as opening insurance sector to foreign insurers and relatively stable economic environment in this tough time of economic downturn have not only given impetus to the insurance sector, but also encouraged people to invest in long-term products such as general insurance and life insurance in particular. Moreover, insurance companies will have to launch new products in the market to tap the rising demand. Amendments in tax regulations have reduced the size of non-risk-based products, making the market more transparent.
With the enactment of laws that mandate property insurance, the overall insurance market will certainly see an upward movement. At present, the Russian insurance market is fragmented and unstructured, with around 100 companies operating in it, most being very small and inadequately capitalized. However, the market will gradually stabilize on account of increasing trends of consolidation and regulatory developments.
“Russian Insurance Industry Forecast to 2010” provides broad overview of the Russian insurance industry and explores the market development and potential. The report also provides rational outlook and forecast on various segments of the industry, but they are not based on the complex economic model and instead give rough guide to the direction in which the market is likely to move.
The forecasts given in the report include per head disposable income, GDP per head, number of insurance companies, life and non-life insurance premium, aviation insurance premium, cargo insurance premium and reinsurance premium. The forecast enables clients to devise business strategy in accordance to the Russian insurance market.
For more information visit: http://www.rncos.com/Report/IM099.htm
Related Releases are as follows:
- Advent of Global Reinsurance Companies in the Indian Market is Rekindling the Indian Health Insurance Industry
- Rising Awareness and Increasing Internet Penetration in the Country is Propelling the Health Insurance Industry
- Flexible Insurance Products by Players Gaining Attention
- Technological Adoption Propelling Insurance Industry
- Reinsurance Companies Investing in the Indian Health Insurance Industry
Media Citation
- testtest
19 Jan, 2024 - Yourstory.com News @ Foodtech startup Swiggy launches Health Hub in Chennai
23 Mar, 2021 - Yourstory.com News @ Zomato forays into dietary supplements, makes its own 'made in India' brand
16 Mar, 2021 - View more
get in touch
Copyright © 2014, RNCOS, 2002-2014
About Us
Terms & Policy
Contact