Russia Insurance Sector Report 2021-2022

The gross value added of financial and insurance activities generated 3.8% of the country’s GDP in 2019 and absorbed around 20% of total FDI. The sector’s density and penetration is low by international standards, providing scope for strong growth given the large size of Russia’s population. In 2019, total insurance premiums accounted for 1.35% of the country’s GDP, while insurance density stood at USD 157 per capita. Non-life insurance is the dominant sub-sector, generating 76% of total premiums in 2019. There is a consolidation process underway with the number of insurance companies active on the local market decreasing to just 165 at the end of September 2020 from 600 back in 2010.​

This report provides a complete and detailed analysis of the insurance sector for Russia. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the insurance sector in Russia
• Access forecasts for growth in the sector
• View key data on insurance premiums and claims in Russia
• Crystallise the forces both driving and restraining this sector in Russia
• Assess market share for the life insurance, non-life and reinsurance sectors
• Ascertain Russia’s position in the global sector
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Russia
• Build a clear picture of trends and issues for subsectors (life insurance, non-life insurance, reinsurance) and for retail channels

See below for a complete table of report contents: