STATISTICS: RUSSIA, 1H2014: The local market is expected to increase by 9% until the end of this year

According to a report published by the Central Bank of Russia, in the first half of this year the local insurance market grew by 8.49% in national currency compared with the same period of last year. Therefore, in 1H2014 gross written premiums reached RUB 507.2 billion (EUR 11 billion) fromRUB 467.5 billion (EUR10.9 billion) in 1H2013.

"During the analyzed period, the increase of the Russian insurance market was of about 8-9% and it is likely to remain at the same level until the end of this year," stated Pavel SAMIYEV, President of the local rating agency EXPERT Ra.

In the period January - June 2014 negative trends were recorded in several types of insurance, namely: dangerous installations' owners TPL insurance(-31.7%), railway insurance (-13.6%), Green Card insurance (-4.0%), and Financial risks (-4.8%), etc. Also, some types of voluntary insurance recorded a growth coping.

Access www.xprimm.com and download the 1H2014 Russian insurance market statistics.

Market portfolio (in EUR and RUB):
  • Gross written premiums
  • Paid claims
  • Growth rates
Market rankings (in EUR and RUB) - GWP, claims, gwroth rates, premiums ceded in reinsurance, market shares on the following insurance classes:
  • Total market
  • Life insurance (total, traditional, with investment component)
  • Total non-life
  • Voluntary non-life (total, accidents, health, motor hull, cargo, agricultural, legal/individual property, Green Card, TPL, business/financial risks)
  • Compulsory non-life (total, personal, MTPL, dangerous installation)

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

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