Life insurance rushed in

the Russian financial market, which, together with the whole economy is in obvious crisis, this year suddenly discovered a segment leader, who showed tremendous growth. They turned out to be life insurance. Judging by the numbers, this trend in our country is growing faster than all the world markets in this sector. Experts attribute this not only to the fact that sales to the policies actively involved banks, but also the beginning of the last changes in the attitude of Russians to the values of life and health. The cause of these mental changes, oddly enough, it was the crisis.

On the market trends of the regions reporters recently told a seminar in Moscow on "Insurance in the media mirror More life -. 2016", organized by the Association of Life Insurers (HOAs) and the All-Russian Insurance Association (ARIA).


Preliminary results of the domestic life insurance market development in the first nine months of 2016, which promulgated HOAs together with BCC, indicate fold increase. The studies were collected and analyzed data on the premium collection and payment of the 22 member companies and HOAs BCC, representing a total of more than 98 percent of the life insurance market.

The total amount of insurance premiums for the first nine months of this year increased compared to the same period in 2015 by 75.4 percent and amounted to 171 billion rubles. Moreover, only one third quarter of our fellow citizens bought the policies at 65 billion rubles. "This is a huge increase and it is happening against a background of stagnating financial market in Russia." - Said the president of HOAs, the head of JSC "Insurance company MetLife" Alexander Zaretsky.

Collection of premiums for other personal insurance reached 24 billion rubles against 10 billion rubles in the first nine months of last year. The total amount of insurance payments for three quarters of this year also increased - by 46.5 percent compared to the same period of the previous year, up to the amount of 26.45 billion rubles. life insurance payments increased by 33 percent and amounted to 20 billion rubles. "Thus, life insurance now - the fastest growing segment and in insurance, and in general in the financial market of the country", - concluded Zaretsky.

The main driver of this dynamic was the investment life insurance (COLI). Booming demand for such policies, experts explain, including the fact that the rates on deposits in domestic banks fell, investors began to look for an alternative to their investments and invest the money in the COLI. In the future, this rate is not guaranteed, especially if credit institutions again become actively develop the segment of deposits or if tougher regulation. However, since the lion's share of the population has no plans to take out loans in the near future, banks are unlikely to lose interest in the sale of COLI policies.

In the Saratov region, according to the director of the Saratov agency insurance company "Renaissance Life" Tatyana Ushakova, in 2013 the total fees on life insurance amounted to 1 billion 36 million rubles, in 2014 - 1 billion 437 million (38.7 percent), 2015 - 1 billion 238 million rubles (-13.88 per cent). At the end of the 1st half of 2016 life insurance premiums in the region have collected 732 million rubles, which is 16.5 percent more than in the first half of 2015.

According to the CBR, in 2013, was concluded 31 thousand 841 in 2014, in the Saratov region of life insurance contracts -. 33 thousand 715 in 2015-m. - 32 thousand 870 contracts.. "In general, the dynamics in the number of contracts repeats dynamics of charges: increase in 2014 and a small downward correction in 2015," - says Tatiana Ushakova.

"Saratov region - a vivid reflection of the situation in the Russian insurance - said our newspaper, the official representative of the company" Alpha Insurance "Yuri Nekhaychuk - Here the situation is exactly the same as in the whole country:. Decrease in new car sales led to a slight reduction of interest in the hull, but residents of Saratov region is still very interested in the preservation of property, health and their loved ones in the accident insurance. Actively developing and investment life insurance. "

"The replacement of the insurance of credit borrowers cumulative and investment insurance programs means improving the quality of development of the industry - sure Tatyana Ushakova -. After all, if in the first case it is usually a question of imputed services that are in addition to the loan, in the second case there is a conscious appeal person for life insurance as a separate product. "

"It is in the segment, which employs our company - a long-term life insurance, we see that the interest of the population of the Saratov region is growing. Our fees in 2015 were rooted to nine percent - said" Newspaper Our Version "Sales Director of the company," the PPF Life Insurance " Stefan Vanchek -. In the segment of classic life insurance leads long-term savings insurance, which allows people to protect themselves from the risks associated with the loss of health and accidents, while allowing to save money in the future when people feel insecurity, they are looking for tools that can help. reduce threats and risks for themselves. it is for this and need long term care insurance products. "

"The reasons for the industry's growth is partly laid just in a difficult macroeconomic situation in the country - agrees Tatiana Ushakova -. While credit insurance faded into the background, the new drivers become long-term products of investment and savings insurance This is largely due to the fact. . that in terms of economic instability citizens feel particularly shortage of reliable methods of capital investments and protection against risks Firstly, the changing priorities of the middle class -. with consumer focus has shifted to the conservation and protection of personal capital Second, transforming the behavior of private investors - instead of return with high risk to the fore the reliability and investment protection in the third, unstable period is increasing the value of risk protection -. this also applies to health, and accidents An additional incentive for the industry was the introduction from the beginning of 2015 tax deductions under the contracts. life insurance, concluded for a term of five years. "

Another trend of the last time, this time negative, - activation of scams in personal insurance. If before on various "legal" and unscrupulous figures (which often act as a part of organized criminal groups) complained only companies that sell motor types of insurance (MTPL and CASCO), now taint of fraud are increasingly began to spread to other segments of the insurance market. Ways in which scam artists are trying to heat up the insurance business, more and more. Sometimes they draw up policies for several different companies, then "arrange" an accident as a concussion or bone fracture, and require payment. This sometimes manage to submit the same x-ray image in different episodes, changing only the name of the victim. From such schemes suffer not only insurance companies but ultimately honest consumers, since all costs, expenses and losses of the business has to lay in tariffs on policies.

In Saratov, life insurers also experienced outright fraud. "In 2014 there was an incident that caused a resonance in the region. 26-year-old resident of Saratov devised a plan to commit a hard and cynical crime. Together with two accomplices, he was planning to get from the company" Renaissance Life "insurance compensation in the amount of 9.892 million 660 rubles, adjust the traffic accident in which was killed unsuspecting insured - says Tatiana Ushakova -. Fortunately, to implement its plan to the organizer could not, his criminal activity was foiled As a result, the court sentenced the offender to seven years of imprisonment. punishment in the colony. "

On the work of compulsory medical insurance fund unit will spend 115 million rubles in 2017

In the Saratov Regional Duma discussed the draft law on Territorial Compulsory Medical Insurance Fund Budget for 2017 and the planning period of 2018-2019 years. Revenues and expenditures of the treasury will make 23.255 billion rubles. This was at a meeting of the regional parliament, said the head of Andrei TFOMS Sauhin. According to him, for the year revenues increase by 5.6%. So, at the expense of federal subsidies will be received 1.247 billion rubles. On the activities of the fund unit will send 115 million rubles.

Recall that in the budget for 2017 by almost 10 billion rubles will send for compulsory health insurance of unemployed population. As a result, the bill was passed in two readings.



Another issue discussed by deputies, touched checks HBC and condominiums within the housing and municipal control. Addressing the gathering, the deputy head of Saratov on Urban Affairs Sergey Pilipenko offered to lift restrictions on these audits. Innovation, according to the authors of the bill, are necessary for a more expeditious consideration of citizens' appeals.

Central Bank: 80% of complaints falls on the insurance companies

The Bank of Russia has published data on citizens' complaints on non-credit financial institutions in the third quarter of 2016. Most, ie 80%, accounted for the subjects of insurance business: it is insurance companies, mutual insurance companies, insurance brokers, insurance actuaries. The report is published on the website of the Bank of Russia.

Among the complaints against insurance companies traditionally associated with leading CTP - 86%, including those relating to the calculation of rebates for accident-free driving, failure to conclude CTP contract due to lack of forms of policies, as well as the imposition of additional services.



"Complaints of microfinance institutions account for 11% of total applications, in turn, issuers received only 4% of the total number of complaints and appeals:. Most of the shareholders are dissatisfied with failure to submit a joint stock information society and non-payment of dividends", - the report says the Bank of Russia.

In total in the third quarter of this year, the Bank of Russia has received more than 25.5 thousand. Complaints and appeals. This is by 8.3% less than in the previous period. As a result of their review of service on protection of rights of consumers of financial services and the minority shareholders in the third quarter sent to the financial institutions more than 2 thousand. Orders to eliminate or prevent violations of Russian legislation. Composed of more than 1.2 thousand. Protocols on administrative violations.

Conspiracy insurers

Insurers have recently been in a panic. It seems to be underestimated and payments, and denied them with or without - the money saved should be enough not just bread and butter. But no, dissatisfied customers through the courts began to recover the amount three times higher than originally determined by insurers. Budget insurance companies cracked at the seams.

It was necessary to do something, and all of us together sang about loss of CTP and the need to raise the basic rates, which have not changed over a decade. The main
Case: legal increase in payments to 400 thousand in the general order and to 50 million in the case of evroprotokol - excessive burden.

The Central Bank has agreed with these arguments, and October 1, 2014 issued a new base MTPL tariffs. Unlike the former, the current floating rate:
insurance companies have given the right to choose, from a sum of a start in calculating the cost of the policy. Minimum base - 2440 rubles, the maximum -2574 rubles.


Previously, the base rate was 1,980 rubles (for natural persons - owners of the cars). Under the new regulations the insurance company acceptable for calculating a base amount, shall inform the Central Bank of the Russian Federation and begins to sell the policies. The experts, including experts of the Central Bank and RSA (Russian Union of Insurers), assured us that appeared in the base rate of the fork increase competition in the market. In fact, most companies just sell insurance policies at the maximum price.

In one of the insurance offices at all I whispered in your ear that most insurers conspired to sell policies CTP as expensive as possible. But still I managed to find a company with a minimum base fare. Ingosstrakh, apparently, did not participate in collusion - counting policies on the minimum rate.

But it in Moscow. In the regions, competition, and there is no question - often only a couple of insurance runs in the neighborhood, and therefore, one hand washes. Therefore, the policy of CTP with a load in the form of life insurance, car owners have long been accustomed there and quietly suffer. And get used to the increase in the price.

In some regions, the policy generally can not be bought in recent months. Excuses are different: someone did not find forms, and other companies required to present the car to inspection before signing the contract - despite the fact that the next inspection technician could take place not earlier than one month. "The right person on vacation, and other employees of the qualification we have ..." The real reason for this behavior was evident - waiting for the new tariffs. Judge for yourself: on October 1, 2014 increased the maximum amount of the payment (for iron and 400 thousand (previous limit was 120 thousand), and the opportunity to sell the policy more expensive there was only on October 11 Behold insurers and hampered sales - it would be desirable to tear off from the client more.!

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Industry Insurance

Founded 1936; 80 years ago

Fort Worth, Texas, U.S.

Founders Leo Goodwin, Sr.

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Headquarters Chevy Chase, Maryland, U.S.

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Chairman, President & CEO,

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Products Auto insurance

Revenue US$9.212 billion (2004)[1]

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