Personal Accident and Health Insurance in Russia, Key Trends and Opportunities to 2018

From: Fast Market Research, Inc.
Published: Thu Sep 25 2014


The Russian personal accident and health insurance segment registered strong growth during the review period (2009-2013). The segment's gross written premium increased at a review-period CAGR of 24.7%. This was due to the country's young population, compulsory lines of insurances, increased awareness of the need for insurance - especially among the younger population, an increase in employment, and competition among companies for higher market shares. The personal accident and health insurance segment is also expected to be more competitive in the presence of both domestic and foreign operators over the forecast period (2013-2018), mainly due to regulatory changes.

Report Highlights

* The personal accident and health segment accounted for 65.9% of the industry's gross written premium in 2013.
* During the review period (2009-2013) Russian personal accident and health insurance segment recorded a CAGR of 24.7%.
* Increasing awareness about the benefits of personal accident and health insurance products drove growth of segment.
* Personal accident insurance was the segment's fastest-growing category during the review period, achieving a CAGR of 36.1%.
* Health insurance was the segment's largest category during the review period, having grown at a CAGR of 24.1%, driven by an increase in employers' contributions, with significant levels of growth in the sale of VMI products.
* The personal accident category's growth will be driven by growth in the residential property market over the forecast period, as it is mandatory to take out personal accident insurance with a mortgage.

Full Report Details at
- http://www.fastmr.com/prod/880117_personal_accident_and_health_insurance_in_russia.aspx?afid=301

Report 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 2009-2013 review period and forecast figures for the 2013-2018 forecast period.
* It offers a detailed analysis of the key sub-segments in Russian personal accident and health insurance segment, along with market forecasts until 2018.
* It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
* It analyses the various distribution channels for personal accident and health insurance products in Russia.
* Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Russia for the personal accident and health insurance segment.
* It provides a detailed analysis of the reinsurance segment in Russia and its growth prospects.
* It profiles the top personal accident and health insurance companies in Russia and outlines the key regulations affecting them.

Reasons to Get this Report

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