Personal Accident and Health Insurance in Russia, Key Trends and Opportunities to 2016: Government Initiatives on Healthcare Improvement Will Lead to Market Expansion


#88262

200pages

Timetric

$ 1950

In Stock


Synopsis

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

  • The Russian personal accident and health insurance markets growth prospects by personal accident and health insurance categories
  • The various distribution channels in the Russian personal accident and health insurance market
  • The competitive landscape in the personal accident and health insurance market
  • A description of the personal accident and health reinsurance market in Russia

Summary

The Russian personal accident and health insurance market is one of the ten largest in the world. The market registered strong growth during the review period (20072011), which can be attributed the countrys ageing population, robust economic growth, rising disposable income levels and increased awareness of the need for insurance, especially among the younger population. With the increasing competition among companies for a higher market share, the personal accident and health insurance market is expected to register strong competition among both domestic and foreign operators during the forecast period (20122016)

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 market for the reports 20072011 review period and forecast figures for the 20122016 forecast period 
  • It offers a detailed analysis of the key sub-segments in Russias personal accident and health insurance market, along with market forecasts until 2016
  • 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 market and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Russian personal accident and health insurance market
  • Assess the competitive dynamics in the personal accident and health insurance market, along with the reinsurance segment
  • Identify the growth opportunities and market dynamics within key product categories
  • Gain insights into key regulations governing the Russian personal accident and health insurance market and its impact on companies and the market's future

Key Highlights

  • The growth in Russia's personal accident and health insurance market can be attributed to the countrys ageing population, robust economic growth, rising disposable income level and increased awareness of the need for insurance, especially among the younger population
  • The Russian government has made conscious efforts to increase the coverage of health insurance plans in the country during the review period, and aims to provide health insurance to cover the entire Russian population by 2020. Furthermore, the government has also encouraged private companies to be included in the improvement of the countrys healthcare system
  • The largest category in the personal accident and health insurance market is health insurance, which generated 94% of the markets total written premiums in 2011. The growth experienced by the health insurance market is mainly due to significant levels of growth in the sale of VMI products, which were driven by an increase in employer contributions
  • The personal accident and health insurance market is highly fragmented with the top ten companies accounting for just 11.9% of the total gross written premiums generated by the market in 2010
  • During the review period, the majority of VMI policies in Russia were traditional sold through the direct marketing channel, followed by agencies, bancassurance and other channels such as brokers. In addition, mandatory health insurance was traditionally sold through the governments public healthcare network alongside brokers and agencies