Today Insurers already state satisfaction concerning expected annual results: 20-30% growth of premiums – it is preliminary forecast of classical insurance market development within the last year (on results of the first half-year, the volume of the collected premiums has on 28% exceeded similar parameter in 2006). According to experts’ estimations, current year also promises good growth. According to insurance company Allianz, in following year classical insurance market will put on weight 40-50 %, and in absolute parameters it will reach $1,8-2 billion.
Life insurance companies show even more impressing results. The gain of premiums by results of the first half-year has made 67 %. According to national manager of Grawe Group in Ukraine, unlike venture capital market, where approach of a stage of achievement of critical weight minds of consumers concerning necessity of insurance and its advantage has already settled down, in life insurance this effect is late a little and will come little bit later. Accordingly in 2008 rates of growth of life insurance market will be essentially higher, than classical.
Also the tendency of the last years – reduction circuit insurance will proceed. It is caused by active demand for real insurance services and toughening of insurance branch regulation, directed on reduction of tax optimization. Thus, in total amount of insurance payments the share of financial schemes will decrease up to 40 %.
Some facts about rise