Expert RA - the amount of the insurance market in 2009 declined by 18%

Minus 100 billion: projected to Expert RA, the volume of the Russian insurance market in 2009 will be 455.4 billion rubles, a decrease compared with 2008 by 17,9%. The largest contribution to the fall of the insurance market will make several types of insurance. 1. Hull insurance (minus 54 billion rubles or minus 29%) Causes: decrease in consumer demand for cars, a sharp reduction in bank lending. 2. Property insurance for legal entities from fire and other risks (minus 19 billion rubles or minus 28%). Reasons: reduction of production, curtailing investment programs, the growth nedostrahovaniya for funding of insurance on the residual principle. 3. LCA (minus 17 billion rubles or minus 24%). Reasons: reduction of social package and number of employees. The dynamics of the insurance premiums in the Russian insurance market in 2009 has been more damaging: 1. Economic stagnation. 2. Contraction in bank lending. 3. Changes in tariffs. 4. Specific factors (for each type of insurance). Forecast of volumes of the Russian insurance market by type of insurance, RR Type of insurance contributions in 2008 contributions in 2009 (forecast) hull insurance 187 545 133 626 OSAGO 80,194 89,817 Medical insurance 72,306 54,952 Property insurance for legal entities from fire and other risks 67,124 48,329 Personal Accident Insurance 31,836 22,922 Insurance Personal Property 20,864 18,830 Life Insurance 19,319 19,319 Insurance of construction risks (including liability insurance) 14,410 13,473 Cargo Insurance 12,184 7,250 Mandatory private Insurance 7,598 8,358 Insurance of agricultural risks 6,278 4,771 aviation insurance (property + liability) 5,878 6,480 Credit Insurance 5,051 5,152 Water transport insurance (property + liability) 4,555 4,100 Insurance of liability for default under the state contract 4177 4010 Travel insurance 3,872 3,310 Liability insurance enterprises - sources of high-risk 2004 1448 Liability Insurance carriers 1,946 1,323 space insurance (property + liability) 2,025 2,658 Voluntary insurance of civil liability 1,793 1,618 Professional liability insurance (except for professional liability of tour operators) 1712 1386 Professional Liability Insurance Travel Agencies 291,236 Other insurance 2,040 2,040 Total 555 001 455 408 Source: Expert RA "