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

London (PRWEB) December 04, 2013

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 segments 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

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 reports 20082012 review period and forecast figures for the 20122017 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 Porters 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 industrys 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

1 Executive Summary

2 Introduction

2.1 What is this Report About?

2.2 Definitions

2.3 Methodology

3 Regional Market Dynamics

3.1 Overview

3.1.1 Market trends

3.1.2 Market size

4 Personal Accident and Health Insurance

4.1 Scale and Penetration

4.1.1 Total market gross written premium

4.1.2 Premium per capita

4.1.3 Personal accident and health insurance penetration (as a percentage of GDP)

4.2 Growth

4.2.1 Gross written premium

4.2.2 Gross written premium per capita

4.3 Efficiency and Risk

4.3.1 Loss ratio

4.3.2 Incurred losses per capita

4.3.3 Incurred losses as a percentage of GDP

4.4 Distribution Channels

4.4.1 Direct marketing

4.4.2 Bancassurance

4.4.3 Agencies

5 Russian Insurance Industry Attractiveness

5.1 Insurance Industry Size, 20082017

5.2 Key Industry Trends and Drivers

5.2.1 Business drivers

5.2.2 Consumer drivers

6 Personal Accident and Health Insurance Outlook

6.1 Personal Accident and Health Insurance Growth Prospects by Category

6.1.1 Personal accident

6.1.2 Travel insurance

6.1.3 Health insurance

7 Analysis by Distribution Channels

7.1 Direct Marketing

7.2 Bancassurance

7.3 Agencies

7.4 E-Commerce

7.5 Brokers

7.6 Other Channels

8 Porters Five Forces Analysis the Russian Personal Accident and Health Insurance Segment

8.1 Bargaining Power of Suppliers: Medium

8.2 Bargaining Power of Buyers: Medium to High

8.3 Barriers to Entry: Low to Medium

8.4 Intensity of Rivalry: Medium to High

8.5 Threat of Substitutes: Low

9 Reinsurance Growth Dynamics and Challenges

9.1 Reinsurance Segment Size, 20082017

9.2 Reinsurance Segment Size by Type of Insurance, 20082017

10 Governance, Risk and Compliance

10.1 Legislation Overview and Historical Evolution

10.2 Legislation Trends by Type of Insurance

10.2.1 Life insurance regulatory trends

10.2.2 Property insurance regulatory trends

10.2.3 Liability insurance regulatory trends

10.2.4 Motor insurance regulatory trends

10.2.5 Marine and aviation insurance regulatory trends

10.2.6 Health insurance regulatory trends

10.3 Compulsory Insurance

10.3.1 Compulsory liability insurance of a carrier to the passenger of the aircraft

10.3.2 Compulsory motor liability insurance (OSAGO)

10.3.3 Compulsory third-party liability insurance for hazardous activities

10.4 Supervision and Control

10.4.1 International Association of Insurance Supervisors

10.4.2 Federal Insurance Supervision Agency (FISA)

10.4.3 All-Russian Insurance Association (ARIA)

10.4.4 Russian Association of Motor Insurers (RAMI)

10.5 Non-Admitted Insurance Regulatory Trends

10.5.1 Overview

10.5.2 Intermediaries

10.5.3 Market Practices

10.5.4 Fines and Penalties

10.6 Company Registration and Operations

10.6.1 Type of Insurance Organizations

10.6.2 Establishing a Local Company

10.6.3 Foreign Ownership

10.6.4 Types of License

10.6.5 Capital Requirements

10.6.6 Solv

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