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Russia Non-Life Insurance Market to 2027

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    Report

  • 42 Pages
  • November 2023
  • Region: Russia
  • MarketLine
  • ID: 5927626
Non-Life Insurance in Russia industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
  • The Russian non-life insurance market had total gross written premiums of $20.7 billion in 2022, representing a compound annual growth rate (CAGR) of 8.5% between 2017 and 2022.
  • The motor segment accounted for the market's largest proportion in 2022, with total gross written premiums of $7.7 billion, equivalent to 37.1% of the market's overall value.
  • In 2022, the Russian non-life insurance market witnessed an annual growth of 8% due to the increase in the number of active non-life insurance policies.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the non-life insurance market in Russia
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Russia
  • Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Russia non-life insurance market with five year forecasts by both value and volume

Reasons to Buy

  • What was the size of the Russia non-life insurance market by value in 2022?
  • What will be the size of the Russia non-life insurance market in 2027?
  • What factors are affecting the strength of competition in the Russia non-life insurance market?
  • How has the market performed over the last five years?
  • How large is Russia’s non-life insurance market in relation to its regional counterparts?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do the leading players follow?
7.4. What is the impact of the Russia-Ukraine conflict on the market?
8 Company Profiles
8.1. Alfa Group Consortium (Wealth Management)
8.2. Ingosstrakh Joint-Stock Insurance Co Ltd
8.3. SOGAZ Insurance Group
8.4. Sberbank Rossii
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher
List of Tables
Table 1: Russia non-life insurance market value: $ billion, 2017-22
Table 2: Russia non-life insurance market category segmentation: % share, by value, 2017-2022
Table 3: Russia non-life insurance market category segmentation: $ billion, 2017-2022
Table 4: Russia non-life insurance market geography segmentation: $ billion, 2022
Table 5: Russia non-life insurance market value forecast: $ billion, 2022-27
Table 6: Russia non-life insurance market share: % share, by value, 2022
Table 7: Alfa Group Consortium (Wealth Management): key facts
Table 8: Alfa Group Consortium (Wealth Management): Key Employees
Table 9: Ingosstrakh Joint-Stock Insurance Co Ltd: key facts
Table 10: Ingosstrakh Joint-Stock Insurance Co Ltd: Key Employees
Table 11: SOGAZ Insurance Group: key facts
Table 12: SOGAZ Insurance Group: Key Employees
Table 13: Sberbank Rossii: key facts
Table 14: Sberbank Rossii: Annual Financial Ratios
Table 15: Sberbank Rossii: Key Employees
Table 16: Russia size of population (million), 2018-22
Table 17: Russia gdp (constant 2005 prices, $ billion), 2018-22
Table 18: Russia gdp (current prices, $ billion), 2018-22
Table 19: Russia inflation, 2018-22
Table 20: Russia consumer price index (absolute), 2018-22
Table 21: Russia exchange rate, 2018-22
List of Figures
Figure 1: Russia non-life insurance market value: $ billion, 2017-22
Figure 2: Russia non-life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Russia non-life insurance market geography segmentation: % share, by value, 2022
Figure 4: Russia non-life insurance market value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the non-life insurance market in Russia, 2022
Figure 6: Drivers of buyer power in the non-life insurance market in Russia, 2022
Figure 7: Drivers of supplier power in the non-life insurance market in Russia, 2022
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Russia, 2022
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Russia, 2022
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Russia, 2022
Figure 11: Russia non-life insurance market share: % share, by value, 2022

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Alfa Group Consortium (Wealth Management)
  • Ingosstrakh Joint-Stock Insurance Co Ltd
  • SOGAZ Insurance Group
  • Sberbank Rossii