Optimization of tariff rates was the most effective approach for insurance portfolio expansion in Russia during 2020, as per 64 percent of polled market experts. Cooperation with selling partners, as well as sales digitalization, proved to be effective in over 60 percent of the cases, respectively. Up-selling, however, turned out to be insufficiently effective in most cases over that period.
Effectiveness of insurance portfolio expansion measures in Russia in 2020, by approach
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Ineffective
Insufficiently effective
Effective
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KPMG. (July 29, 2021). Effectiveness of insurance portfolio expansion measures in Russia in 2020, by approach [Graph]. In Statista. Retrieved July 03, 2024, from https://www.statista.com/statistics/1087184/russia-non-life-insurance-growth-potential-by-type/
KPMG. "Effectiveness of insurance portfolio expansion measures in Russia in 2020, by approach." Chart. July 29, 2021. Statista. Accessed July 03, 2024. https://www.statista.com/statistics/1087184/russia-non-life-insurance-growth-potential-by-type/
KPMG. (2021). Effectiveness of insurance portfolio expansion measures in Russia in 2020, by approach. Statista. Statista Inc.. Accessed: July 03, 2024. https://www.statista.com/statistics/1087184/russia-non-life-insurance-growth-potential-by-type/
KPMG. "Effectiveness of Insurance Portfolio Expansion Measures in Russia in 2020, by Approach." Statista, Statista Inc., 29 Jul 2021, https://www.statista.com/statistics/1087184/russia-non-life-insurance-growth-potential-by-type/
KPMG, Effectiveness of insurance portfolio expansion measures in Russia in 2020, by approach Statista, https://www.statista.com/statistics/1087184/russia-non-life-insurance-growth-potential-by-type/ (last visited July 03, 2024)
Effectiveness of insurance portfolio expansion measures in Russia in 2020, by approach [Graph], KPMG, July 29, 2021. [Online]. Available: https://www.statista.com/statistics/1087184/russia-non-life-insurance-growth-potential-by-type/