Use of Financial Services, Liabilities: Outstanding Deposits for Life Insurance at Insurance Corporations for Russian Federation
RUSFCLOFILPXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,106,734,109,076.79
Year-over-Year Change
2899.72%
Date Range
1/1/2005 - 1/1/2024
Summary
This economic trend measures the outstanding deposits for life insurance at insurance corporations in the Russian Federation. It provides insights into the financial services and liabilities of the Russian insurance industry.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Use of Financial Services, Liabilities: Outstanding Deposits for Life Insurance at Insurance Corporations for Russian Federation series tracks the total value of deposits held by insurance companies in Russia for life insurance policies. This metric is used by economists and policymakers to assess the health and growth of the Russian insurance sector.
Methodology
The data is collected and reported by the Central Bank of the Russian Federation.
Historical Context
This trend is relevant for understanding the development of Russia's insurance market and its role in the broader financial system.
Key Facts
- Russia's insurance industry accounts for over 1.5% of its GDP.
- Life insurance premiums make up around 40% of the Russian insurance market.
- The Russian insurance sector has seen steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held by insurance corporations in Russia for life insurance policies.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and growth of Russia's life insurance industry, which is an important part of the country's broader financial system.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of the Russian Federation.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the development of Russia's insurance market and its implications for the overall financial sector.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be some limitations in coverage or reporting consistency over time.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits for Life Insurance at Insurance Corporations for Russian Federation (RUSFCLOFILPXDC), retrieved from FRED.