The driver of growth in the insurance market both in Russia and abroad. In the first half of 2021, compar to the employee onboarding same period in 2020, there was an increase in the total amount of life insurer premiums by 29% (+ 57 billion rubles). The most significant segments remain investment life insurance and endowment life insurance, whose share in the collections in the life insurance market is 40% and 27%, respectively.
The sharp growth of ILI began
In 2016, when the market doubl in comparison with the volumes of 2015. The increase in consumer interest in long-term savings life insurance products can be assess as generally positive. But we want such growth to be ensur by the appearance on the market of insurance products that meet the expectations of clients and their nes.
Speaking about customer expectations
we see that the average yield on investment life insurance contracts that expir in the first half of 2021 was 5.1% per what do you think makes annum for three-year policies, 4.8% per annum for five-year policies, which is lower than the average annual yield on deposits. At the same time, 23% of alb directory policies show zero yield, and 52% of policies show a yield in the range of 0–5%.