Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Russian Federation
RUSFCLOFINPXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,867,917,125,006.43
Year-over-Year Change
239.58%
Date Range
1/1/2005 - 1/1/2024
Summary
This trend measures outstanding deposits for non-life insurance at insurance corporations in the Russian Federation. It provides insights into the financial services usage and liability levels 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 Non-life Insurance at Insurance Corporations for Russian Federation series tracks the total value of deposits held by insurance companies in Russia for non-life insurance policies. This metric offers a window into the overall demand for insurance services and the financial health of the sector.
Methodology
The data is collected through surveys of insurance companies operating in Russia.
Historical Context
Policymakers and analysts use this trend to assess the stability and growth of the Russian insurance market.
Key Facts
- Russia is one of the largest insurance markets in Europe.
- Non-life insurance accounts for over 60% of the Russian insurance industry.
- Outstanding deposits have grown steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held by insurance companies in Russia for non-life insurance policies.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the demand for insurance services and the financial health of the Russian insurance industry, which is crucial for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of insurance companies operating in Russia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the stability and growth of the Russian insurance market, which is an important part of the country's financial system.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the collecting agency.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Russian Federation (RUSFCLOFINPXDC), retrieved from FRED.