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Average expected loss ratio in the insurance market Russia 2017-2020

Average expected loss ratio* in the insurance market in Russia between 2017 and 2020*, by segment

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Source

Release date

August 2020

Region

Russia

Survey time period

2017 to 2019

Supplementary notes

* An expected loss ratio is a way of determining how much money earned from premiums an insurer should set aside to pay for future claims.
** Forecasted data.

The source clarified the following:
*** "CMTPL – compulsory motor third-party liability that is required under Russian Law and is aimed at protecting other people, vehicles, and property in the event of an accident that is caused by a policyholder."

**** "Casco – comprehensive car insurance where the policy covers risks associated with your own car, such as damage (including write-offs), vandalism, fire, falling objects (e.g. trees), natural disasters, and theft. The policy does not cover risks such as medical expenses, damage to another person’s car from a collision, or any damage to objects being transported in your car."

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Statistics on "Insurance market in Russia"

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