Personal Accident and Health Insurance in Russia, Key Trends and Opportunities to 2015


#38866

187pages

BRICdata

$ 1950

In Stock

Synopsis

The report provides top-level market analysis, information and insights into the Russian personal accident and health insurance industry, including:

  • The Russian personal accident and health insurance industrys growth prospects by product category and customer segment
  • The various distribution channels in the Russian personal accident and health insurance industry
  • The competitive landscape in the personal accident and health insurance industry
  • A description of the personal accident and health reinsurance market in Russia
Executive Summary

The market size of the personal accident and health insurance market is expected to increase from RUB121.56 billion (USD17.9 billion) in 2011 to RUB291.23 billion (USD43.0 billion) in 2015, at a CAGR of 19.1 percent during the forecast period. This growth will be mainly driven by the availability of a wider range of insurance products, better penetration of distribution channels selling insurance products, plus Russias rising disposable income levels due to the countrys strong economic growth and changing demographics. In addition, the Russian government has been making conscious efforts to increase the coverage of health insurance plans in Russia. By 2020, it aims to cover the entire Russian population. With increasing competition among companies for a higher market share, the health insurance market is expected to witness strong competition among domestic and foreign insurance companies during the forecast period.

Scope

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

  • It provides historical values for Russias personal accident and health insurance industry for the reports 20062010 review period and forecast figures for the 20112015 forecast period 
  • It offers a detailed analysis of the key sub-segments in Russias personal accident and health insurance industry, along with market forecasts until 2015
  • 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 Porters industry-standard Five Forces analysis, it details the competitive landscape in Russia for the personal accident and health insurance business
  • It provides a detailed analysis of the reinsurance market 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 top-level historic and forecast market data related to the Russian personal accident and health insurance industry and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Russian personal accident and health insurance industry
  • Assess the competitive dynamics in the personal accident and health insurance industry, along with the reinsurance segment
  • Identify the growth opportunities and industry dynamics within key product categories
  • Gain insights into key regulations governing the Russian personal accident and health insurance industry and its impact on companies and the industry's future
Key Highlights

  • The growth in Russia's personal accident and health insurance market can be attributed to increasing healthcare expenditure, economic growth, changing demographics and the government providing mandatory health insurance to the population
  • The personal accident and health insurance market in Russia is highly competitive with both domestic and foreign companies operating in it
  • The personal accident and health insurance market is highly fragmented with 438 companies operating in it in 2010
  • The mandatory health insurance policy, increasing penetration of major insurance companies and banks selling insurance policies in Russia will lead to an increase in accident and health insurance policy volumes in Russia during the forecast period
  • In order to satisfy the growing needs of healthcare services in Russia, the Russian government developed strategies to attract more investments in the health insurance market.