• Russia: average expected loss ratio in insurance market 2020

Try our corporate solution for free!

(212) 419-8286

hadley.ward@statista.com

Russian insurance sector executives showed significant optimism for the CMTPL segment for 2020, with the expected loss ratio would reduction from 92 percent in 2018 to 68 percent in 2019. In aggregate terms, the projected loss ratio was lower in 2019 for the majority of segments than in 2018.

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

Characteristic	CMTPL***	Voluntary medical insurance	Casco****	Property insurance
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

Source

Show detailed source information?

Already a member?

Source

Release date

August 2020

More information

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."