Insurance in Eurasia - Market Overview

1. October 2018
Insurance in Eurasia – Market Overview
Alexander Frost
Head of Global Risk Intelligence & Data

2. Economic Contrast
21,823
7,109
10,572
41,342
4,774
7,149
54,441 161,597
21,825
14,625
16,777 7,960
10,572
842,070
93,270
68,611
GDP (USD Mn)
7,142
13,039

3. -
0.60
1.20
1.80
2.40
0
4,000
8,000
12,000
16,000
2.14
0.22
Insurance Penetration (%)GWP (USD Mn)
80.75
0.62
Population (Mn)
11,784
15

4. 11.81
0.32
Insurance Penetration (%)GWP (USD Mn)
541,238
11,784 -
2.00
4.00
6.00
8.00
10.00
12.00
14.00
0
100,000
200,000
300,000
400,000
500,000
600,000
Uzbekistan Azerbaijan Bosnia
Herzegovina
Belarus Serbia Kazakhstan Ukraine Turkey South Africa United
Kingdom
China

5. -
0.60
1.20
1.80
2.40
0
2,000
4,000
6,000
8,000
10,000
12,000
2.14
0.22
Insurance Penetration (%)GWP (USD Mn)
80.75
0.62
Population (Mn)
11.784
15

6. 0.00
0.50
1.00
1.50
2.00
2.50
0.00
2,000.00
4,000.00
6,000.00
8,000.00
10,000.00
12,000.00
GDP per Capita (USD)
10,428.75
1,181
2.14%
0.22%
Total Insurance Penetration (%)

7. Factors Affecting Insurance Development
Slow Pace of
Structural Reform
compulsory insurance
regarded as tax
State Controlled
Industry
Insolvent
unprofessional
insurers
Less private
enterprise and private
property
Little knowledge
of insurance
Sense of complacency and a lack of
innovation or evolution of products
Rapid Increase
in insurers

8. Open Markets

9. Open Markets

10. Open Markets

11. Protected Markets

12. Protected Markets

13. Protected Markets

14. Conclusion

15. October 2018
Alexander.Frost@axcoinfo.com
@AlexB_Frost
THANK YOU