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Personal Accident and Health Insurance in Russia, Key Trends and Opportunities to 2020

Published By :

Timetric

Published Date : Dec 2016

Category :

Health Insurance

No. of Pages : 115 Pages

Synopsis
Timetrics 'Personal Accident and Health Insurance in Russia Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Russian personal accident and health insurance segment, and a comparison of the Russian insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (20112015) and forecast period (20152020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Russian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetrics research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary
Timetrics 'Personal Accident and Health Insurance in Russia, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Russian personal accident and health insurance segment, including:

An overview of the Russian personal accident and health insurance segment

The Russian personal accident and health insurance segments growth prospects by category

A comprehensive overview of the Russian economy and demographics

A comparison of the Russian personal accident and health insurance segment with its regional counterparts

The various distribution channels in the Russian personal accident and health insurance segment

Details of the competitive landscape in the personal accident and health insurance segment in Russia

Details of regulatory policy applicable to the Russian insurance industry

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 reports 20112015 review period, and projected figures for the 20152020 forecast period.

It offers a detailed analysis of the key categories in the Russian personal accident and health insurance segment, and market forecasts to 2020.

It provides a comparison of the Russian personal accident and health insurance segment with its regional counterparts

It provides an overview of the various distribution channels for personal accident and health insurance products in Russia.

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 in-depth 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 in the Russian personal accident and health insurance segment.

Assess the competitive dynamics in the personal accident and health insurance segment.

Identify growth opportunities and market dynamics in key product categories.

Gain insights into key regulations governing the Russian insurance industry, and their impact on companies and the industry's future.

Key Highlights
Personal accident and health insurance is the largest Russian insurance segment, accounting for 67.3% of the industrys gross written premium in 2015.

The Russian government decreased healthcare expenditure from the annual budget by 8.7% in 2013, and reduced it further by 17.8% in 2015.

New regulations on the solvency and financial stability of insurance companies came into force on July 01, 2015.

Amid the Crimean crisis and the sanctions imposed by Western nations, the number of expatriates decreased at a fast pace in Russia.



Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Segment Outlook
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Policies sold
4.2.3 Claims
4.2.4 Profitability
4.2.5 Assets and investments
5 Outlook by Category
5.1 Personal Accident Insurance
5.1.1 Premium
5.1.2 Policies
5.1.3 Claims
5.2 Health Insurance
5.2.1 Premium
5.2.2 Policies
5.2.3 Claims
5.3 Travel Insurance
5.3.1 Premium
5.3.2 Policies
5.3.3 Claims
6 Distribution Channel Outlook
6.1 Analysis by Distribution Channel
6.1.1 Direct marketing
6.1.2 Agencies
6.1.3 Bancassurance
6.1.4 Brokers
6.1.5 E-commerce
7 Competitive Landscape
7.1 Company Profiles
7.1.1 Sogaz-Med company overview
7.1.2 Rosno-MS company overview
7.1.3 MAKC-M company overview
7.1.4 Rosgosstrakh-Medicine company overview
7.1.5 Alfa Strakhovanie-CHI company overview
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulation
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Workmens compensation insurance
8.4.2 Motor third-party liability insurance
8.4.3 Aviation liability insurance
8.4.4 Health insurance
8.4.5 Third-party liability insurance for hazardous activities
8.4.6 Clinical trials liability insurance
8.4.7 Liability for ships with respect to oil pollution
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors
8.5.2 Financial Market Access Department of the Central Bank of Russia
8.5.3 All-Russian Insurance Association
8.6 Non-Admitted Insurance Regulation
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and Penalties
8.7 Company Registration and Operations
8.7.1 Type of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margins
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure
8.8 Taxation
8.8.1 Insurance premium or policy taxation
8.8.2 Withholding taxes on premium paid overseas
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution (ADR)
9 Databook
9.1 Policies and Premium
9.1.1 Claims and expenses
9.1.2 Assets and investments
9.1.3 Direct marketing and e-commerce
9.1.4 Insurance brokers and agencies
9.1.5 Bancassurance and other distribution channels
9.1.6 Personal accident insurance
9.1.7 Health insurance
9.1.8 Health insurance by product
9.1.9 Travel insurance
10 Definitions and Methodology
10.1 Definitions
10.2 Methodology
11 About Timetric
11.1 Contact Timetric
11.2 About Timetric
11.3 Timetrics Services
11.4 Disclaimer


List of Tables
Table 1: Russian Personal Accident and Health Insurance Key Facts, 2015
Table 2: Russian Personal Accident and Health Insurance Segment Shares of the Top Insurers, 2015
Table 3: Russian Government Credit Ratings
Table 4: Russian Personal Accident and Health Insurance Gross Written Premium (RUB Trillion and US$ Billion), 20112015
Table 5: Russian Personal Accident and Health Insurance Penetration (%), 20112015
Table 6: Russian Personal Accident and Health Insurance Gross Written Premium (RUB Trillion and US$ Billion), 20152020
Table 7: Russian Personal Accident and Health Insurance Penetration (%), 20152020
Table 8: Russian Personal Accident and Health Insurance Premium per Capita (RUB and US$), 20112015
Table 9: Russian Personal Accident and Health Insurance Premium per Capita (RUB and US$), 20152020
Table 10: Russian Personal Accident and Health Insurance Number of Policies Sold (Million), 20112015
Table 11: Russian Personal Accident and Health Insurance Number of Policies Sold (Million), 20152020
Table 12: Russian Personal Accident and Health Insurance Paid Claims (RUB Trillion and US$ Billion), 20112015
Table 13: Russian Personal Accident and Health Insurance Paid Claims (RUB Trillion and US$ Billion), 20152020
Table 14: Russian Personal Accident and Health Insurance Profitability Ratio (%), 20112015
Table 15: Russian Personal Accident and Health Insurance Profitability Ratio (%), 20152020
Table 16: Russian Personal Accident and Health Insurance Total Assets (RUB Trillion and US$ Billion), 20112015
Table 17: Russian Personal Accident and Health Insurance Total Assets (RUB Trillion and US$ Billion), 20152020
Table 18: Russian Personal Accident and Health Insurance Direct Written Premium by Category (RUB Billion), 20112015
Table 19: Russian Personal Accident and Health Insurance Direct Written Premium by Category (RUB Billion), 20152020
Table 20: Russian Personal Accident Insurance Direct Written Premium (RUB Billion and US$ Billion), 20112015
Table 21: Russian Personal Accident Insurance Direct Written Premium (RUB Billion and US$ Billion), 20152020
Table 22: Russian Personal Accident Insurance Number of Policies Sold (Million), 20112015
Table 23: Russian Personal Accident Insurance Number of Policies Sold (Million), 20152020
Table 24: Russian Personal Accident Insurance Paid Claims (RUB Billion and US$ Million), 20112015
Table 25: Russian Personal Accident Insurance Paid Claims (RUB Billion and US$ Million), 20152020
Table 26: Russian Health Insurance Direct Written Premium (RUB Trillion and US$ Billion), 20112015
Table 27: Russian Health Insurance Direct Written Premium (RUB Trillion and US$ Billion), 20152020
Table 28: Russian Health Insurance Number of Policies Sold (Million), 20112015
Table 29: Russian Health Insurance Number of Policies Sold (Million), 20152020
Table 30: Russian Health Insurance Paid Claims (RUB Trillion and US$ Billion), 20112015
Table 31: Russian Health Insurance Paid Claims (RUB Trillion and US$ Billion), 20152020
Table 32: Russian Travel Insurance Direct Written Premium (RUB Million and US$ Million), 20112013
Table 33: Russian Travel Insurance Number of Policies Sold (Thousand), 20112013
Table 34: Russian Travel Insurance Paid Claims (RUB Million and US$), 20112015
Table 35: Russian Personal Accident and Health Insurance Direct Written Premium by Distribution Channel (RUB Billion), 20112015
Table 36: Russian Personal Accident and Health Insurance Direct Written Premium by Distribution Channel (RUB Billion), 20152020
Table 37: Russian Personal Accident and Health Insurance Percentage of Direct Written Premium by Distribution Channel, 20112020
Table 38: Russian Personal Accident and Health Insurance Industry Market Shares of Leading Insurers (%), 2015
Table 39: Sogaz-Med Key Facts
Table 40: Rosno-MS Key Facts
Table 41: MAKC-M Key Facts
Table 42: Rosgosstrakh-Medicine Key Facts
Table 43: Alfa Strakhovanie-CHI Key Facts
Table 44: Russia Insurance Regulatory Framework Key Features
Table 45: Russia Life Insurance Regulatory Framework
Table 46: Russia Property Insurance Regulatory Framework
Table 47: Russia Motor Insurance Regulatory Framework
Table 48: Russia Bonus-Malus System
Table 49: Russia Liability Insurance Regulatory Framework
Table 50: Russia Compensation Provided by the Insurer under Motor Liability Insurance
Table 51: Russia Compensation Provided by the Insurer in the Event of Accident by Domestic Air Carriage
Table 52: Russia Corporate Tax Rates for the Financial Year 2016
Table 53: Russian Personal Accident and Health Insurance Industry Policies and Premium, 20112015
Table 54: Russian Personal Accident and Health Insurance Industry Policies and Premium, 20152020
Table 55: Russian Personal Accident and Health Insurance Claims and Expenses, 20112015
Table 56: Russian Personal Accident and Health Insurance Claims and Expenses, 20152020
Table 57: Russian Personal Accident and Health Insurance Assets, 20112015
Table 58: Russian Personal Accident and Health Insurance Assets, 20152020
Table 59: Russian Personal Accident and Health Insurance Direct Marketing and E-Commerce, 20112015
Table 60: Russian Personal Accident and Health Insurance Direct Marketing and E-Commerce, 20152020
Table 61: Russian Personal Accident and Health Insurance Insurance Brokers and Agencies, 20112015
Table 62: Russian Personal Accident and Health Insurance Insurance Brokers and Agencies, 20152020
Table 63: Russian Personal Accident and Health Insurance Insurance Brokers and Agencies, 20112015
Table 64: Russian Personal Accident and Health Insurance Insurance Brokers and Agencies, 20152020
Table 65: Russian Personal Accident and Health Insurance Personal Accident Insurance, 20112015
Table 66: Russian Personal Accident and Health Insurance Personal Accident Insurance, 20152020
Table 67: Russian Personal Accident and Health Insurance Health Insurance, 20112015
Table 68: Russian Personal Accident and Health Insurance Health Insurance, 20152020
Table 69: Russian Personal Accident and Health Insurance Health by Product, 20112015
Table 70: Russian Personal Accident and Health Insurance Health by Product, 20152020
Table 71: Russian Personal Accident and Health Insurance Travel Insurance, 20112015
Table 72: Insurance Industry Definitions


List of Figures
Figure 1: Russian Real GDP (RUB Trillion) and Annual Growth (%), 20112020
Figure 2: Russian Current Account Balance as a Percentage of GDP (%), 2011-2015
Figure 3: Russian Consumer Price Inflation, 20112020
Figure 4: RUB-US$ Exchange Rate, 20112020
Figure 5: Russian Unemployment Rate, 20112020
Figure 6: Russian Population by Age Group, 19902025
Figure 7: Russian Personal Accident and Health Insurance Penetration Regional Comparison (%), 2015
Figure 8: Russian Insurance Segment Direct Written Premium Shares Regional Comparison (%), 2015
Figure 9: Russian Personal Accident and Health Insurance Gross Written Premium (RUB Trillion), 20112020
Figure 10: Russian Personal Accident and Health Insurance Penetration (%), 20112020
Figure 11: Russian Personal Accident and Health Insurance Premium per Capita (RUB), 20112020
Figure 12: Russian Personal Accident and Health Insurance Number of Policies Sold (Million), 20112020
Figure 13: Russian Personal Accident and Health Insurance Paid Claims (RUB Trillion), 20112020
Figure 14: Russian Personal Accident and Health Insurance Profitability Ratio (%), 20112020
Figure 15: Russian Personal Accident and Health Insurance Total Assets (RUB Trillion), 20112020
Figure 16: Russian Personal Accident and Health Insurance Direct Written Premium by Category (RUB Billion), 20112020
Figure 17: Russian Personal Accident and Health Insurance Direct Written Premium Dynamics by Category, 20112020
Figure 18: Russian Personal Accident Insurance Direct Written Premium (RUB Billion), 20112020
Figure 19: Russian Personal Accident Insurance Number of Policies Sold (Million), 20112020
Figure 20: Russian Personal Accident Insurance Paid Claims (RUB Billion), 20112020
Figure 21: Russian Health Insurance Direct Written Premium (RUB Trillion), 20112020
Figure 22: Russian Health Insurance Number of Policies Sold (Million), 20112020
Figure 23: Russian Health Insurance Paid Claims (RUB Trillion), 20112020
Figure 24: Russian Personal Accident and Health Insurance Direct Written Premium by Distribution Channel (%), 2011, 2015 and 2020
Figure 25: Russian Personal Accident and Health Insurance Industry Market Shares of Leading Insurers (%), 2015
Figure 26: Russia Insurance Supervision and Control at Various Levels
Figure 27: Russia Insurance Regulatory Framework for Company Registration and Operation

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