Actual administrative and acquisition costs' share in Russian insurance 2017-2020

Published by A. Melkadze, Sep 6, 2022
Real acquisition costs share in the Russian insurance market has decreased in 2020, following a steady upwards trend. The share of administrative costs reduced by about three percent in 2020 compared to 2017 figures. By 2021, it was expected to reach approximately 11 percent.

Actual share of administrative and acquisition costs in the insurance market in Russia from 2017 to 2020

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Source

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Release date

July 2021

Region

Russia

Survey time period

2017 to 2020

Supplementary notes

The source specified the following information:
"The actual shares of administrative and acquisition costs were calculated as average ratios, based on the IFRS financial statements of the Top-10 companies."

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