Personal Accident and Health Insurance in Russia, Key Trends and Opportunities to 2017


#172449

230pages

Timetric

$ 1950

In Stock

Synopsis

The 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 categories
  • Key trends and drivers for the personal accident and health insurance segment
  • The various distribution channels in the Russian personal accident and health insurance segment
  • Detailed competitive landscape in the personal accident and health insurance segment in Russia
  • A description of the personal accident and health reinsurance segment in Russia
  • Porter's Five Forces Analysis of the personal accident and health insurance segment
  • Benchmarking section on the Russian personal accident and health insurance segment in comparison to other CEE countries

Executive summary

Personal accident and health insurance was the largest segment in the Russian insurance industry in terms of gross written premium in 2012. The segment accounted for 59.6% of the total insurance industry value and increased at a CAGR of 14.4% during the review period. Mandatory health insurance products recorded consistent levels of demand, while significant growth was registered in the demand for personal accident and VMI products.

Scope

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

  • It provides historical values for Russia's personal accident and health insurance segment for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period
  • It offers a detailed analysis of the key sub-segments in Russia's personal accident and health insurance segment, along with market forecasts until 2017
  • 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 buy

  • Make strategic business decisions using 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 within the Russian personal accident and health insurance segment
  • Assess the competitive dynamics in the personal accident and health insurance segment, along with the reinsurance segment
  • Identify the growth opportunities and market dynamics within key product categories
  • Gain insights into key regulations governing the Russian insurance segment and its impact on companies and the market's future

Key highlights

  • The Russian personal accident and health insurance segment accounted for 59.6% of the total insurance industry’s gross written premium in 2012
  • Favorable demographic factors such as changing lifestyle patterns and an increased understanding of diseases in Russia led to a rise in expenditure on personal accident and healthcare products
  • The Russian government has introduced regulations making life and health insurance mandatory for any patient involved in a clinical trial, to protect against any harm caused
  • To protect public health, the Russian Health Ministry drew up a draft law on compulsory insurance against medical errors or malpractice
  • The Russian Finance Ministry has put forward a proposal to fix the minimum amount of insurance cover at RUB1 million (US$32,300) for all citizens traveling abroad. This is likely to add to the growth of travel insurance