In the countries of the European Union, for how to combine the efforts of marketing and sales example, the share of life insurance in the collections on the life insurance market in the fourth quarter of 2020 was 33%.
In discussing a possible model of the DSG, we proce from the following assumptions.
The policyholder must participate in investment
decisions. The client must understand the cost structure of the life insurance products. The insurer must keep records of the clients’ property separately from its own property. In the event of bankruptcy, the clients’ property must not be includ in the insurer’s bankruptcy estate. We believe that these tasks can be solv by applying to life insurance the mechanisms us in the collective investment market.
— Why, in your opinion, is the level of life insurance
penetration in Russia tens of times lower than even in Eastern Europe? What prevents us from reaching the level of 3-4% of GDP?
— The level of insurance penetration is influenc by many factors. Among them, we can highlight the level of income among the priority areas of cooperation are of the population, since insurance products are not consider by citizens as essential products, as well as the level of financial literacy. The degree of alb directory public trust in the industry plays an important role in matters of insurance penetration.