Reinsurance in Russia to 2017: Market Brief by Timetric

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									Reinsurance in Russia to 2017: Market
Brief


Reference Code: IN4328MB
Published: September 2013




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TABLE OF CONTENTS

1         INTRODUCTION ...........................................................................................................5
    1.1      What is this Report About? .................................................................................................. 5
    1.2      Definitions ........................................................................................................................... 6
2         PERCENTAGE OF INSURANCE CEDED TO REINSURERS .....................................7
    2.1      Life Insurance (%) ............................................................................................................... 7
    2.2      Life Insurance Forecast (%) ................................................................................................ 8
    2.3      Non-Life Insurance (%) ....................................................................................................... 9
    2.4      Non-Life Insurance Forecast (%) ....................................................................................... 10
    2.5      Personal Accident & Healthcare (%) ................................................................................. 11
    2.6      Personal Accident & Healthcare Forecast (%) ................................................................... 12
3         PERCENTAGE OF INSURANCE RETAINED ............................................................13
    3.1      Life Insurance (%) ............................................................................................................. 13
    3.2      Life Insurance Forecast (%) .............................................................................................. 14
    3.3      Non-Life Insurance (%) ..................................................................................................... 15
    3.4      Non-Life Insurance Forecast (%) ....................................................................................... 16
    3.5      Personal Accident & Healthcare (%) ................................................................................. 17
    3.6      Personal Accident & Healthcare Forecast (%) ................................................................... 18
4         APPENDIX ..................................................................................................................19
    4.1      Methodology ..................................................................................................................... 19
    4.2      Contact Us ........................................................................................................................ 19
    4.3      About Timetric ................................................................................................................... 19
    4.4      Our Services ..................................................................................................................... 19
    4.5      Disclaimer ......................................................................................................................... 21




Reinsurance in Russia to 2017: Market Brief
                                                                                                                                            Page 2
© Timetric. This product is licensed and is not to be photocopied
                                                                                                                     Published: September 2013
LIST OF TABLES

Table 1: Insurance Industry Definitions ....................................................................................................................................................... 6
Table 2: Russian Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012 ............................................................................... 7
Table 3: Russian Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017 ............................................................................... 8
Table 4: Russian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012 ........................................................................ 9
Table 5: Russian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017 ...................................................................... 10
Table 6: Russian Personal Accident & Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012 ........................................ 11
Table 7: Russian Personal Accident & Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017 ........................................ 12
Table 8: Russian Life Insurance - Percentage of Reinsurance Retained (%), 2008-2012 .......................................................................... 13
Table 9: Russian Life Insurance - Percentage of Reinsurance Retained (%), 2012-2017 .......................................................................... 14
Table 10: Russian Non-Life Insurance - Percentage of Reinsurance Retained (%), 2008-2012 ................................................................ 15
Table 11: Russian Non-Life Insurance - Percentage of Reinsurance Retained (%), 2012-2017 ................................................................ 16
Table 12: Russian Personal Accident & Health Insurance - Percentage of Reinsurance Retained (%), 2008-2012 ................................... 17
Table 13: Russian Personal Accident & Health Insurance - Percentage of Reinsurance Retained (%), 2012-2017 ................................... 18




Reinsurance in Russia to 2017: Market Brief
                                                                                                                                                                                    Page 3
© Timetric. This product is licensed and is not to be photocopied
                                                                                                                                                       Published: September 2013
LIST OF FIGURES

Figure 1: Russian Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012 .............................................................................. 7
Figure 2: Russian Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017 .............................................................................. 8
Figure 3: Russian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012....................................................................... 9
Figure 4: Russian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017..................................................................... 10
Figure 5: Russian Personal Accident & Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012 ....................................... 11
Figure 6: Russian Personal Accident & Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017 ....................................... 12
Figure 7: Russian Life Insurance - Percentage of Reinsurance Retained (%), 2008-2012......................................................................... 13
Figure 8: Russian Life Insurance - Percentage of Reinsurance Retained (%), 2012-2017......................................................................... 14
Figure 9: Russian Non-Life Insurance - Percentage of Reinsurance Retained (%), 2008-2012 ................................................................. 15
Figure 10: Russian Non-Life Insurance - Percentage of Reinsurance Retained (%), 2012-2017 ............................................................... 16
Figure 11: Russian Personal Accident & Health Insurance - Percentage of Reinsurance Retained (%), 2008-2012.................................. 17
Figure 12: Russian Personal Accident & Health Insurance - Percentage of Reinsurance Retained (%), 2012-2017.................................. 18




Reinsurance in Russia to 2017: Market Brief
                                                                                                                                                       Page 4
© Timetric. This product is licensed and is not to be photocopied
                                                                                                                              Published: September 2013
1 INTRODUCTION

1.1    What is this Report About?

       This report is the result of extensive research into the reinsurance market in Russia, providing historic
       and forecast data which includes:



                 Percentage of Insurance Ceded to Reinsurers
                     o Life Insurance
                     o Non-Life Insurance
                     o Personal Accident and Healthcare Insurance

                 Percentage of Insurance Retained
                     o Life Insurance
                     o Non-Life Insurance
                     o Personal Accident and Healthcare Insurance




Reinsurance in Russia to 2017: Market Brief
                                                                                                           Page 5
© Timetric. This product is licensed and is not to be photocopied
                                                                                         Published: September 2013
1.2    Definitions

       All data is collected in local currency. All conversions into US dollars (US$) of current and forecast data
       are made at the 2012 average annual conversion rate. All values in tables are displayed to one or two
       decimal places. As such, growth rates may appear inconsistent with absolute values due to rounding.

       For the purposes of this report, the review period is 2008–2012 and the forecast period is 2012–2017.

       The key insurance industry terms covered in the report are defined below:


       Table 1: Insurance Industry Definitions
        Term                       Definition
                                   Incurred loss is the sum of claims paid by an insurance company and the change in the provision for
        Incurred Loss
                                   outstanding claims, irrespective of whether or not they have been reported.

        Claims Ratio               Claims ratio is claims payable as a percentage of premium income.

                                   Gross claim is the amount payable by an insurance company before allowances is made for credits that
        Gross Claim
                                   may be due in the form of reinsurance, subrogation or salvage.

        Gross Written              The total amount of premiums (before deduction of reinsurance costs) customers are required to pay for
        Premium                    insurance policies written during the year.

        Insurance Density and
                                   Insurance density is the percentage of total written premium to the GDP of a country.
        Penetration

                                   The loss ratio is the ratio of total losses paid out in the form of claims plus adjustment expenses divided
        Loss Ratio%
                                
								
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