Naperville, IL -- (SBWIRE) -- 09/08/2014 -- Reportstack, provider of premium market research reports announces the addition of Reinsurance in Russia, Key Trends and Opportunities to 2018 market report to its offering
During the review period (20092013), the Russian reinsurance segment underwent significant changes in terms of its regulatory structure. Paid-up capital increased from RUB120.0 million (US$3.96 million) to RUB480.0 million (US$15.8 million) in January 2012. The Russian reinsurance segment accounted for 0.7% of the global reinsurance written premium in 2013. The reinsurance segments gross written premium rose at a compound annual growth rate (CAGR) of just 1.0%. The main reasons for the slow growth were the low operating efficiency of reinsurers in Russia, a lack of understanding of the benefits of reinsurance by Russian insurers, and an increase in reinsurance ceded to foreign rather than domestic reinsurers.
This report provides a comprehensive analysis of the reinsurance segment in Russia:
It provides historical values for Russias reinsurance segment for the reports 20092013 review period and forecast figures for the 20132018 forecast period.
It offers a detailed analysis of the key sub-segments in Russias reinsurance segment, along with market forecasts until 2018.
It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Russia and its growth prospects.
Reasons to Buy
Make strategic business decisions using in-depth historic and forecast market data related to the Russian reinsurance segment and each sector within it
Understand the demand-side dynamics, key market trends and growth opportunities within the Russian reinsurance segment
Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing the Russian insurance industry and its impact on companies and the market's future
Russian reinsurance accounted for 0.7% of the global reinsurance segment in 2013.
During the review period, the Russian reinsurance segment grew at a slow CAGR of 1.0%, due to the low operating efficiency of reinsurers, a lack of understanding of the benefits of reinsurance by Russian insurers, and an increase in reinsurance ceded to foreign rather than domestic reinsurers.
Leading reinsurers include Ingosstrakh, Sogaz Insurance Group, Unity Reinsurance, AlfaStrakhovanie and Transsib Re.
Foreign companies dominate the reinsurance segment. Although Russian reinsurers tariffs are often lower than those of their main foreign competitors, most of Russias outward reinsurance business goes to foreign companies.
Sogaz Insurance Group
Ingosstrakh Insurance Company OJSC
Unity Reinsurance Company, Ltd
Open Insurance Joint-stock Company Reso-Garantia
Moscow Re OJSIRC
Oranta Insurance Company
OJSC Transsiberian Reinsurance Corporation
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