Financial Sector Overview
The Central Bank of the Russian Federation
Bank of Russia
FINANCIAL SECTOR OVERVIEW
INSURANCE
Local institutional investor base: the potential of insurance market
Figure 56: Premium volume is gradually growing
Figure 57: Assets hit 2.8% of GDP
Assets, RUB bn, Ihs
Reserves, RUB bn, lhs
Assets as % of GDP, rhs
400
350
300 266.4
250
200
1.3
150
100
50 112.9
03.15
06.15
09.15
12.15
Premiums, RUB bn, Ihs
Payment of claims, RUB bn, lhs
Premiums as % of GDP, rhs
385.7
1.7
3 150
1.6
2 700
1.4
1.5
2 250
1 609.4
1.4
1 800
153.5 1.3
1 350
2.0
1.2
900
1.1
450 943.3
1.0
0
03.16
06.16
09.16
12.16
03.17
06.17
09.17
12.17
03.18
06.18
09.18
12.18
2.8 3.0
2.8
2 918.9
2.5
2.3
1 831.1 2.0
03.15
06.15
09.15
12.15
03.16
06.16
09.16
12.16
03.17
06.17
09.17
12.17
03.18
06.18
09.18
12.18
Figure 58: Premium structure in 2018 shows high level of market
diversification
Figure 59: In 2018 market remained highly competitive with the
Herfindahl-Hirschman Index equal to 550.6
■Capital, %
Premiums, %
Assets, %
Life insurance
Corporate property
27%
31%
insurance
Private medical
insurance
Motor car insurance
15%
6%
■Compulsory motor TPL
insurance
10%
Other
11%
Source: Bank of Russia
Top-20
Top-10
0
10
20
20
30
40
40
50
60
60
69.7
65.4
62.5
10
70
60
80
77.5
80.6
76.7
90
90
1.8
1.5
1.3
48
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