Fast Market Research recommends "Reinsurance in Russia, Key Trends and Opportunities to 2017" from Timetric, now available

Boston, MA -- (SBWire) -- 09/11/2013 --The Russian reinsurance segment registered decline at CAGR of -6.0% during the review period (2008-2012). This was mainly due to the low operating efficiency of reinsurers, a lack of understanding among Russian insurance firms as to the benefits of reinsurance, and an increase in the reinsurance ceded to foreign reinsurers. Foreign companies dominate the reinsurance segment. Although the tariffs of Russian reinsurers are often lower than those of their foreign competitors, the majority of Russia's outward reinsurance business goes to foreign firms. Consequently, the segment is projected to grow at a CAGR of 7.4% over the forecast period.

Key Highlights

- The Russian reinsurance segment registered a decline at a CAGR of -6.0% during the review period (2008-2012)
- This was mainly due to the low operating efficiency of reinsurers, a lack of understanding among Russian insurance firms as to the benefits of reinsurance and an increase in the reinsurance ceded to foreign reinsurers
- New regulations led to an increase in the capital requirements of reinsurers, from RUB120 million (US$3.96 million) to RUB480 million (US$15.84 million) in January 2012

View Full Report Details and Table of Contents

Scope

This report provides a comprehensive analysis of the reinsurance market in Russia:

- It provides historical values for Russia's reinsurance market for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period
- It offers a detailed analysis of the key sub-segments in Russia's reinsurance market, along with market forecasts until 2017
- It provides a detailed analysis of the reinsurance ceded from various direct insurance markets in Russia and its growth prospects

Reasons to Get This Report

- Make strategic business decisions using historic and forecast market data related to the Russian reinsurance market and each sector within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Russian reinsurance market
- Identify the growth opportunities and market dynamics within key product categories
- Gain insights into key regulations governing the Russian insurance market and its impact on companies and the market's future

Companies Mentioned in this Report: Ingosstrakh Insurance Company OJSC, Sogaz Insurance Group, Unity Reinsurance Company, Ltd, The Moscow Reinsurance Company, Transsib Re

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