The current state of the Russian insurance market and trends in its development

The main trends in the development of the insurance market in Russia are presented. The analysis of the dynamics of insurance premiums was carried out, which made it possible to conclude that the economic crisis had a significant impact on the development of the insurance market. This conclusion is also confirmed by the dynamics of the number of insurance contracts. An assessment of the state of the insurance market is presented, taking into account the redistribution of insurance premiums by segments, as well as the dynamics of insured amounts and payments, indicating an increase in the loss ratio of certain types of insurance in 2019. A number of prospects for the development of the insurance market in modern conditions are highlighted, the total capacity of which should decrease in the presence of a number of market segments that are attractive for insurers, the use of which directly depends on the effective adaptation of insurance products by insurance companies to the needs of consumers.