WTO: Killer of Russian Insurance ? Moscow 2011 Agafonova Liudmila Vorobyeva Julia Ivanova Yana Makarkina Oksana
CONTENTS Ø Russian insurance market Ø Consequences of joining WTO Ø Forecast Agafonova L. , Vorobyeva J. , Ivanova Y. , Makarkina O. WTO: Killer of Russian Insurance?
RUSSIAN INSURANCE MARKET Precrises level Agafonova L. , Vorobyeva J. , Ivanova Y. , Makarkina O. + 16% WTO: Killer of Russian Insurance?
INSURANCE MARKET DEVELOPMENT ØPoor development of infrastructure USA England Japan Russia ØImperfect legal base ØLack of insurance product range Agafonova L. , Vorobyeva J. , Ivanova Y. , Makarkina O. WTO: Killer of Russian Insurance?
CLIENTS’ DISSATISFACTION payments collection 7000 claims Agafonova L. , Vorobyeva J. , Ivanova Y. , Makarkina O. WTO: Killer of Russian Insurance?
UNDERCAPITALISATION 56 % Agafonova L. , Vorobyeva J. , Ivanova Y. , Makarkina O. WTO: Killer of Russian Insurance?
Agafonova L. , Vorobyeva J. , Ivanova Y. , Makarkina O. WTO: Killer of Russian Insurance?
WTO Russian insurance market Agafonova L. , Vorobyeva J. , Ivanova Y. , Makarkina O. ? WTO: Killer of Russian Insurance?
FOREIGN INSURERS 95% 50% Before 5% Agafonova L. , Vorobyeva J. , Ivanova Y. , Makarkina O. After WTO: Killer of Russian Insurance?
FUTURE OF RUSSIAN INSURANCE Investment recourses abroad Ø No governmental control Ø Price dumping Ø Dependence on World Financial market Ø Ø No customer security Agafonova L. , Vorobyeva J. , Ivanova Y. , Makarkina O. WTO: Killer of Russian Insurance?
VOTING Joining WTO Bad ? Agafonova L. , Vorobyeva J. , Ivanova Y. , Makarkina O. WTO: Killer of Russian Insurance?
BENEFITS OF COOPERATION Ø foreign investments Ø new technologies Ø wide product range Ø competitive drive Agafonova L. , Vorobyeva J. , Ivanova Y. , Makarkina O. WTO: Killer of Russian Insurance?
PROTECTION OF SENSITIVE SPHERES GOVERNMENT Agafonova L. , Vorobyeva J. , Ivanova Y. , Makarkina O. WTO: Killer of Russian Insurance?
Fear of competition Agafonova L. , Vorobyeva J. , Ivanova Y. , Makarkina O. Equal opportunities WTO: Killer of Russian Insurance?
SHORT-TERM PREDICTION 100% + 12% 10 th place 0 20 th place Agafonova L. , Vorobyeva J. , Ivanova Y. , Makarkina O. WTO: Killer of Russian Insurance?
LONG-TERM PREDICTION Share of insurance 2, 5% 7, 1 % x 8 GDP Premiums 2011 x 2011 Agafonova L. , Vorobyeva J. , Ivanova Y. , Makarkina O. 2050 GDP 267 2050 WTO: Killer of Russian Insurance?
CONCLUSION good Joining WTO Agafonova L. , Vorobyeva J. , Ivanova Y. , Makarkina O. bad WTO: Killer of Russian Insurance?
Thank you for your attention Agafonova L. , Vorobyeva J. , Ivanova Y. , Makarkina O. WTO: Killer of Russian Insurance?
Agafonova L. , Vorobyeva J. , Ivanova Y. , Makarkina O. WTO: Killer of Russian Insurance?