“Our sectors has shown highest growth levels among the country’s financial markets. According to Bank of Russia, in the 9 months of 2014, Russian life insurance companies accumulated 27% premiums YoY – some RUB 74.83bn. Even despite high growth, the market volume and its share in GDP are very modest compared to Eastern and Western Europe. In most countries, the introduction of tax incentives was the key driver of speedy growth of life insurance. It is a timely and vital decision”, remarked the All-Russian Insurers Union Life Insurance Development Committee Chairman Maksim Chernin.

Project Group №2, Project Group №3