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
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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KPMG. (July 29, 2021). Actual share of administrative and acquisition costs in the insurance market in Russia from 2017 to 2020 [Graph]. In Statista. Retrieved November 13, 2024, from https://www.statista.com/statistics/1087417/russia-actual-share-of-administrative-and-acquisition-costs-insurance-market/
KPMG. "Actual share of administrative and acquisition costs in the insurance market in Russia from 2017 to 2020." Chart. July 29, 2021. Statista. Accessed November 13, 2024. https://www.statista.com/statistics/1087417/russia-actual-share-of-administrative-and-acquisition-costs-insurance-market/
KPMG. (2021). Actual share of administrative and acquisition costs in the insurance market in Russia from 2017 to 2020. Statista. Statista Inc.. Accessed: November 13, 2024. https://www.statista.com/statistics/1087417/russia-actual-share-of-administrative-and-acquisition-costs-insurance-market/
KPMG. "Actual Share of Administrative and Acquisition Costs in The Insurance Market in Russia from 2017 to 2020." Statista, Statista Inc., 29 Jul 2021, https://www.statista.com/statistics/1087417/russia-actual-share-of-administrative-and-acquisition-costs-insurance-market/
KPMG, Actual share of administrative and acquisition costs in the insurance market in Russia from 2017 to 2020 Statista, https://www.statista.com/statistics/1087417/russia-actual-share-of-administrative-and-acquisition-costs-insurance-market/ (last visited November 13, 2024)
Actual share of administrative and acquisition costs in the insurance market in Russia from 2017 to 2020 [Graph], KPMG, July 29, 2021. [Online]. Available: https://www.statista.com/statistics/1087417/russia-actual-share-of-administrative-and-acquisition-costs-insurance-market/
