RUSSIA: Bancassurance may drop by 10-12% at the end of the year

According to ExpertRA, Russia’s largest credit rating agency, Bancassurance, despite impressive growth last year (+44.4%), may decline by 10-12% by the end of 2019, ASN reports with reference to the agency’s research.

In 2018, the share of bancassurance in the market reached 47.2%, while the segment’s concentration increased (TOP-3 insurers kept 50%, TOP-10 companies held 74%).

However, in 2019, according to the agency’s forecast, Bancassurance may shrink by 10-12% due to the decline of its key driver – investment life insurance…

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