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Market Trends

Between the Past and the Future: Opportunities and Challenges of Russia’s Non-Life Insurance Market

Over the last 25 years or so the Russian Federation (hereafter Russia) has emerged as an important insurance market on the world stage. During this time Russia’s insurance market has grown rapidly and performing well against other BRIC economies with the current insurance premium density of US$183 per capita, (US$308 per capita in Brazil, US$178 per capita in China, and US$49 per capita in India) and an insurance premium penetration rate of 1.30% of gross domestic product (GDP) (2.75% of GDP in Brazil, 2.98%

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Microinsurance

Coordinating Microinsurance Regulation

Joan Schmit, University of Wisconsin-Madison Six years ago, many participants of the Berlin IIS annual seminar experienced their first substantive introduction to the topic of microinsurance with an inspiring presentation from Nelson Kuria, Managing Director of the Cooperative Insurance Company in Kenya. Fast forward to Seoul in 2013, and microinsurance is a general topic of the conference discussion groups; the topic’s influence having risen rapidly. Discussion session participants offered a wide variety ...

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Insurance Regulation

Consumer Protection: the Role of Regulators

Moderated by: Beom Ha Jee, Professor and Dean, School of Management and Economics, Handong Global University, Korea Rodis Paik, Head of Legal and Corporate Affairs, MetLife Insurance Company of Korea In many places in the world, especially since the financial crisis in 2008, consumer protection has become a growing focus for financial regulators. While insurers welcome measures that increase customer trust in insurance, consumer protection measures can sometimes have unintended consequences. For example, ...

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Market Trends

THE NEW WORLD INSURANCE ORDER

Michael J. Morrissey, IIS President and CEO Keynote - 13th Asia CEO Insurance Summit, March 21, 2013   When I am asked about a The new World Insurance Order, I am reminded that we insurers are not alone in this turbulent economic environment. Many, if not most industries, also uneasily face a truly new world. Why?

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Global Insurance Directory

Global Statistics

Generate customized, comprehensive reports detailing the latest official statistics available and over ten years of historical data for over 170 countries.  Data includes written premiums by line of business for each country, combined ratios, country and company rankings, insurance penetration and economic data, building an accurate picture of market returns.

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