Insurance for entrepreneurs in St.Petersburg 1st half 2013

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Insurance for entrepreneurs in St.Petersburg 1st half 2013

  1. 1. RESO-Garantia St. Petersburg Branch, November 2013
  2. 2. Russian insurance market, 6 months of 2013 Total insurance premium in Russia in 6 months of 2013 was Rbl 467,5 bln. The main parts were automotive insurance – 21.7%, medical -16,2%, CMTPL (OSAGO) - 13,5%, property insurance for legal entities – 12,4%.
  3. 3. Premium collected in Russia by top-20 insurance companies in 6 months of 2012 and 2013
  4. 4. Premium collected in St. Petersburg by top-20 insurance companies in 6 months of 2012 and 2013 Premiums in St. Petersburg reached more than Rbl 31 bln with growth of 14,9%
  5. 5. Premium collected in Leningrad region by top-20 insurance companies in 6 months of 2012 and 2013 Premiums in Leningrad region reached more than Rbl 1,8 bln with growth of 4,3%
  6. 6. Property insurance in Russia in 6 months of 2013 Property and casualty insurance (without motor insurance) in 6 months of 2013 г. reached Rbl 70,8 bln
  7. 7. One should underline that property and casualty insurance (without motor insurance) in 6 months of 2013 reached Rbl 70,8 bln. In the meantime insurance for agriculture was only Rbl 6,4 bln.
  8. 8. Today the best alternative to a doubtful agricultural insurance might be P&C insurance as well as insurance of entrepreneurial risks and responsibility insurance This is out proposal as a proposal of a regional leader in premium collected
  9. 9. Insuring your risks in a releiable company means that a client’s claim will be settled. Out top settled claims in the North-Western region are: - Rbl 309 mln for Syassky Paper and Mill Factory, - some Rbl 40 mln for Synyavino Poyltry, - some 30 mln for Badaev warehouses fire (http://en.wikipedia.org/wiki/Badayev_warehouses), - recently a claim for Rbl 15 mln for a fire has been settled in St .Petersburg. The largest insurance compnaies REALLY SETTLE their claims.
  10. 10. Definitely agriculture insurance has certain problems No transparency, Wrong approach in subsidizing tariff rates and not the claims settlement, High corruption risks in the process of making arrangements for insurance in agriculture.
  11. 11. Problems of agricultural insurance are demonstrated by the premium in this filed in 6 months of 2013 Insurance for agricultural entrepreneurs makes only 1,5% of total Russian classical insurance. Additionally there was a drop of 8,6% comparing with the previous year. Also in the top-20 agricultural insurance almost no one of the top Russian insurance companies is present.
  12. 12. Leaders approach:  The real insurance =  = P&C insurance
  13. 13. The insurance market is developing right now The Russian cabinet of ministers now investigates issues of catastrophe insurance as well as insurance of private property in countryside … and it will be followed by other innovations in the insurance field.
  14. 14. A lot is not insured yet. Let us work on it together!

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