Analysis of the dynamics of personal insurance and universal life insurance indicators in Russia and forecasting their values over the medium term

The study reveals the essence of the accumulative life insurance service, which is actively promoted on the Russian insurance market by banks and insurance companies, and also focuses on its advantages and disadvantages for potential customers. The dynamics of the volume of insurance premiums and payments under personal insurance contracts and voluntary life insurance contracts in Russia is traced, as a result of which a significant acceleration in the growth of these indicators over the past ten years is revealed, and possible causes of this phenomenon are evaluated. The study examines the degree of concentration of the voluntary life insurance market under the control of a leading group of insurers. The amounts of insurance premiums and payments are forecasted for voluntary life insurance contracts and also for universal life insurance, using regression analysis methods and taking into account the factor of the coronavirus pandemic.