High-income source diversification
Ensures sustainable Company growth and profitability. The client portfolio of Non-life segment of Renaissance Insurance and Life segment of Renaissance Life generate approximately same share of revenue. The proportion of individuals and legal entities in the company book is also about 50/50%.
More competitive new product time to market
Our unique Open API development minimizes new product time to market, speeds up new partner integration into our services.
Growth opportunity with a minimal cost increase
Through our Omni-channel digital infrastructure and automated services.
Ability to bring new products to market faster than competitors
The unique Open API development facilitates the process of product development and its launch on the market (time to market), speeds up new partner integration into our services.
Нealth management ecosystem build up
Including our telemedicine platform based on the Budu medtech service. Launching promising startups to enter new markets.
The Russian insurance market volume exceeds 2.5 trillion rubles per annum
10-15%
Currently, according to various estimates, in Russia, only 10-15% is insured of what can be potentially insured.
This indicator is well below the ratios seen in some other large countries.
Therefore, we anticipate that the Russian insurance market will continue to grow in the years to come as motor vehicle sales volumes go up, new real estate is commissioned and the “fight for talent” requires employers to improve social packages for their team members including Voluntary Medical Insurance services.
Further individual financial literacy improvement, development of insurance culture
and growing attractiveness of savings insurance will also have a significant impact on the market.
We believe that we are making the world a better place.
Insurance permeates all of society
Going hand in hand with entrepreneurship and global trade. When a businessperson launches new projects, they are confident that their existing assets are insured; when a family takes out a long-term and costly mortgage, they feel secure, knowing that life insurance prevents it from posing financial risks to their loved ones.
Our mission
To make the world safer
Our philosophy
Not just to eliminate the consequences of misfortunes but to prevent them. In other words, to think and act proactively.
