Press Release Summary: Independent 5-year insurance industry forecast for Russia. Original insurance market research and insurance sector trend analysis for Russia's insurance industry.
Press Release Body: Bharatbook.com is proud to promote the new report "Insurance Report Russia" ( http://www.bharatbook.com/detail.asp?id=16291 ) from its vast collection of informative market research reports. Independent 5-year insurance industry forecast for Russia. Original insurance market research and insurance sector trend analysis for Russia's insurance industry. Competitive intelligence, regional insurance company rankings and SWOT analyses on international and domestic insurance companies in Russia. The Russia Insurance Report has been researched at source and features latest available data for annual insurance premiums and claims; assets and investments; 5-year insurance industry forecasts for Russia through end-2012; insurance company rankings and competitive landscapes for local insurers and multinational insurance subsidiaries in Russia; and analysis of the latest insurance industry developments, trends and regulatory changes in Russia. Russia Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Russian insurance industry. Key Benefits Benchmark It's Independent 5-Year Insurance Industry Forecast on Russia to test other views - a key input for successful budgeting and planning in this strategic insurance market. Target Business Opportunities & Risks in Russia\'s Insurance Sector through our reviews of latest insurance industry trends, regulatory changes, and major deals, projects and investments in Russia. Exploit The Latest Competitive Insurance Intelligence & Company SWOTS on your competitors and peers in Russia through our insurance company rankings by assets, premiums, income, market share, investments and leading products and services. Executive Summary In Q307 we have incorporated actual data for 2006 in our insurance sector reports. In Q207 much of this data was not available, and we had to make estimates. In international comparison tables, we have also incorporated data from 30 new countries in addition to the 58 for which we had data in Q207. We are now therefore able to place each country into a truly global context. Based on estimated figures, non-life premiums rose from RUB422,200mn (US$14,972mn) in 2005 to RUB585,500mn (US$21,550mn) in 2006. According to these figures, non-life premiums increased by 39% in local currency terms, and by 44% in US dollar terms. We expect that non-life premiums will grow by 21% and 28% annually in local currency and US dollar terms, respectively, in 2006-2011. Based on estimated figures, life premiums fell from RUB68,400mn (US$2,426mn) in 2005 to RUB16,600mn (US$611mn) in 2006. Life premiums therefore decreased by between 75% and 76% in local currency and US dollar terms, respectively. We expect that life premiums will grow by 39% in local currency terms and by 47% in US dollar terms, in 2006-2011. In 2006 the two most important lines within the non-life segment were health/accident and property/ fire. These two lines, respectively, accounted for 41% and 36% of non-life premiums. We have not, as yet, been able to find a detailed breakdown of Russia\'s life segment. Russia is towards the top of the third quartile in terms of absolute life premiums in 2006, and last of all in terms of absolute growth of life premiums last year, due to the large decline in premiums. We would therefore categorise Russia as a medium-sized national market for life insurance and one where premiums have declined substantially. Russia is, among the 88 countries for which we have gathered data, in the first quartile in terms of absolute non-life premiums in 2006, and also in the first quartile in terms of absolute growth of non-life premiums last year. We would therefore categorise Russia as a large national market for non-life insurance and one where premiums are also growing quickly. However, it appears that much of the growth is being accounted for by a booming economy: non-life penetration is not changing quickly. In 2006 non-life penetration in Russia grew by 12.0%, while life density declined by 74.8% in US dollar terms. Coverage Russia Insurance Sector At A Glance Key insights into the insurance market, covering industry trends, key players and the regulatory environment, plus snapshots of life and non-life premium values in local currency and US$. Evolution of the Russian Insurance Market Analysis of recent developments in the local insurance market, including data on life and non-life premium values, density and penetration, dating from 1998. It 5-Year Industry Forecasts for Russia Analysis of market growth drivers, including 5-year projections (to end-2011) for premium values. Forecasts section also includes It risk ratings on local economy, politics and business environment. Industry indicators covered include: Number of life and non-life insurance companies; total and per capita Property/Casualty premiums and claims; total and per capita Life/Health premiums and claims; total premium income; total claims/expenses; total operating expenses; total assets and investments; industry density (per capita premiums) and penetration (premiums as a portion of GDP) It 5-Year Macroeconomic Forecast for Russia It forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt. Insurance Company Rankings in Russia Comparative company analyses and rankings by premium income (life and non-life). Insurance Industry Competitive Landscape in Europe A cross-border overview of key players and their market share across the region. Tables and graphs show country presence of multinationals throughout the region. For more information kindly visit: http://www.bharatbook.com/detail.asp?id=16291 Bharatbook, the leading information aggregator. We facilitate and support the business information needs. With over 90,000 reports, you can get instant access and insights on the studies in you for market research, corporate / strategic planning by providing the latest information in the form of reports, journals, magazines and databases on varied industries like automotive, oil and gas, shipping, textiles, pharmaceuticals, energy, banking, finance, insurance, risk management, country intelligence, consumer & durable goods, chemical and more your areas of interest. Contact us at +91 22 27578668 / 27579438 or email info@bharatbook.com or our website www.bharatbook.com
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