scholarly journals INSURANCE MARKET: PANDEMIC STRATEGY AND FORECAST FOR THE FUTURE

2021 ◽  
pp. 61-67
Author(s):  
Наталья Олеговна Козырева
Keyword(s):  
Working Conditions ◽  
Russian Federation ◽  
Insurance Industry ◽  
Insurance Market ◽  
Insurance Companies ◽  
Insurance Premiums ◽  
The Future ◽  
The Russian Federation ◽  
The Impact

В статье рассматривается влияние пандемии COVID19 на страховой рынок России в 2020 г. с прогнозом на 2021 г. Основной целью является исследование влияния пандемии короновируса на страховую отрасль, основные задачи: 1) проанализировать показатели по сборам страховой премии за 2020 г.; 2) рассмотреть способы адаптации страховых компаний к новым условиям работы; 3) выявить тенденции и сделать прогноз развития рынка страховых услуг на 2021 г. Объектом исследования является: страховой рынок, предметом - особенности работы страховщиков во время пандемии COVID19. Научная новизна заключается в исследовании деятельности страховщиков в РФ в условиях пандемии, снижения продаж, дистанционной работы. The article examines the impact of the COVID19 pandemic on the Russian insurance market in 2020 with a forecast for 2021. The main goal is to study the impact of the coronavirus pandemic on the insurance industry, the main tasks are: 1) to analyze the indicators on the collection of insurance premiums for 2020; 2) consider ways of adapting insurance companies to new working conditions; 3) identify trends and forecast the development of the insurance market in 2021. The object of the study is the insurance market and peculiarities of the work of insurers during the COVID19 pandemic. The scientific novelty lies in the study of the activities of insurers in the Russian Federation in the context of a pandemic, declining sales, teleworking.

INSURANCE INDUSTRY DEVELOPMENT TRENDS IN THE FINANCIAL SYSTEM OF RUSSIA

2021 ◽  
Vol 2 (7) ◽  
pp. 86-89
Author(s):  
D.V. KONEV ◽  
Keyword(s):  
Russian Federation ◽  
Insurance Industry ◽  
Financial System ◽  
Insurance Market ◽  
Insurance Companies ◽  
Development Trends ◽  
Industry Development ◽  
The Russian Federation ◽  
Statistical Indicators

The article examines the main trends in the development of the insurance industry in the financial system of the Russian Federation by evaluating macroeconomic statistical indicators. The relevance is due to the fact that insurance is a key element of the development of the national financial system. The main trends in the development of the insurance market in Russia are considered. The work of the largest insurance companies is analyzed. The factors that can become drivers of the growth of the capitalization of the insurance market are highlighted.

scholarly journals ON FORECASTING THE INSURANCE MARKET IN RUSSIA AND IN THE ASTRAKHAN REGION

2018 ◽  
pp. 125-132
Author(s):  
Tatyana Vladimirovna Kotova ◽  
Ekaterina Vladimirovna Sokolova ◽  
Elena Vladimirovna Chernikina
Keyword(s):  
Russian Federation ◽  
Insurance Market ◽  
Insurance Companies ◽  
Positive Tendency ◽  
The Russian Federation ◽  
License Revocation ◽  
Relationship Of ◽  
High Degree ◽  
The Given ◽  
The Relationship

Insurance companies, being one of the most important links in the financial system of the country, make a significant contribution to the development of the national economy. Insufficient stability and a low level of dynamics of insurance development are conditioned by poor capitalization of insurance companies and absence of methodological complex, which would allow to create financial strategy with high degree of efficiency. In the Russian Federation today there are 236 insurance companies, of them 61 are in the Astrakhan region. Every year insurance companies cease their activity due to the license revocation. The study of the insurance market of the Astrakhan region and Russia using modern methods of scientific research, including mathematical models, made it possible to establish the relationship of insurance indicators with GDP and GRP. Studying the developing insurance market allowed to infer about the expediency of using the indicator “depth of the insurance market”. The forecast of this indicator until 2020 was based on the consensus forecast of the Ministry of Economic Development of the Russian Federation. Development of the insurance market and, consequently, the economy of the region and of the country is affected by many factors. The following indicators were considered as factors: dollar rate, price per gram of gold, MICEX index, central rate of the Central Bank of Russia, and the inflation rate. The constructed multifactorial regression model helped to establish the relationship between the volume of insurance premiums of voluntary insurance, the dollar exchange rate and the level of inflation. The given research algorithm can be used in various fields. The worked out forecast of the parameter of depth of insurance market in the Astrakhan region and Russia proved positive tendency in developing regional and Russian insurance market.

scholarly journals The Main Features of the Modern World Market of Insurance Services

2021 ◽  
Vol 4 (519) ◽  
pp. 36-41
Author(s):  
K. V. Drymalovska ◽  
◽  
R. O. Kyryliuk ◽  
Keyword(s):  
Western Europe ◽  
Insurance Industry ◽  
World Market ◽  
Insurance Market ◽  
Insurance Companies ◽  
Modern World ◽  
The World ◽  
Effective Policy ◽  
Main Components ◽  
The Impact

As competition in international and national markets intensifies, it is important to create a system to protect economic actors from potential threats and adverse factors. To solve these issues, it is necessary to ensure the effective functioning of the insurance market, which is one of the important components of financial security. Without the developed insurance market, it will be impossible to ensure the social and economic progress of the country, its corporate security, welfare etc. The current state of the world insurance market has certain features, which makes it possible to adapt to the change of the modern world and improve the work of the insurance industry. To create a clear insurance market, it is necessary to develop an effective policy as to the insurance activities of both the insurer and the reinsurers, as well as to establish solvency insurance systems. The development of the insurance market is accompanied by many economic, regulatory, organizational, methodological and personnel issues. The publication is aimed at studying and distinguishing the peculiarities of development of the world market of insurance services. On the basis of studying the works of scholars, the main features of the modern insurance market are provided; key signs of the insurance industry are presented; statistical information on trends in the insurance market development during 2019 in the following regions: North and Latin America, Western Europe, Asia, European developing countries. The impact of COVID-19 on the state of the insurance industry in Europe has been characterized. As result of studying the key trends in the future development of the insurance market, the main components that are necessary for the formation of an effective policy of insurance companies in the context of COVID-19 have been formed as follows: digitalization, innovation, analytics, feedback.

scholarly journals Abordarea conflictului transnistrean în stânga Nistrului și în lucrările proseparatiste / Approaching the Transnistrian conflict on the left bank of the Dniester in the pro-separatist works as well

2021 ◽  
Vol 9 (2) ◽  
pp. 168-177
Author(s):  
Lidia Prisac
Keyword(s):  
Russian Federation ◽  
Left Bank ◽  
Historical Events ◽  
Research Results ◽  
Republic Of Moldova ◽  
The Past ◽  
The Future ◽  
The Russian Federation ◽  
The Republic ◽  
The Impact

The article reveals the historiographical approach of Transnistrian separatism in the works of pro-separatist authors, Russian and those publicized in the Eastern part of the Republic of Moldova. The author presents the works that appeared until 2005. As it is ascertained, researchers dwell upon the Transnistrian separatism problem from the position of the environment they were rooted in, projecting their research results on the present and the future, or out of the need to aliment and decode their identity, to feed their imagination. The pro-separatist historiography includes the same ideas regarding the MSSR history. This means nothing but “the translation” of the past into present or the mechanic and passionate protection of the present into the past, the positive or negative capitalization of historical events, or decline in the run of deformation and fabrication in pro-separatist historiography was produced due to an ideological approach of the Transnistrian problem. Albeit, generally speaking, all authors both from Transnistria and the Russian Federation recognize the impact of the Russian Federation in generating and perpetuating the Transnistrian separatism.

The impact of the COVID-19 pandemic on employment relationships and development of social partnership in the Russian Federation

2021 ◽  
pp. 25-35
Author(s):  
Aleksandr Anatolievich Dovganenko
Keyword(s):  
Working Conditions ◽  
Russian Federation ◽  
Radical Change ◽  
Social Partnership ◽  
Employment Relationships ◽  
The Social ◽  
Coronavirus Infection ◽  
The Russian Federation ◽  
The Impact ◽  
Low Wages

Before the outbreak of the pandemic and a radical change in the social and labor situation in the country, the main sources of the beginning of confrontations between workers and employers were non-payment of wages, low wages and violations of working conditions. In the context of the spread of the coronavirus infection, the top three included "reductions in workers", displacing "low wages". These reasons determined the key and main problems faced by the majority of the country's citizens.

Market structure, efficiency and profitability of insurance companies in Ghana

2015 ◽  
Vol 10 (4) ◽  
pp. 648-669 ◽  
Author(s):  
Abdul Latif Alhassan ◽  
George Kojo Addisson ◽  
Michael E. Asamoah
Keyword(s):  
Market Structure ◽  
Life Insurance ◽  
Insurance Industry ◽  
Consumer Welfare ◽  
Insurance Market ◽  
Insurance Companies ◽  
Insurance Markets ◽  
Ample Evidence ◽  
Content Type ◽  
The Impact

Purpose – The purpose of this paper is to examine the impact of the regulatory-driven market structure on firm pricing behaviour by testing the structure-conduct-performance (S-C-P) hypothesis for both life and non-life insurance markets in Ghana. Design/methodology/approach – Using a panel data on 14 life and 22 non-life insurers from 2007 to 2011, the authors employed the Herfindahl Hirschman Index and concentration ratio as proxies for the S-C-P hypothesis while efficiency scores were estimated using the data envelopment analysis technique to proxy for the efficient structure (ES) hypothesis. The dependent variable, profitability was measured as return on assets while controlling for size, underwriting risk, leverage, GDP growth rate and inflation. The models were estimated using the panel corrected standard errors of Beck and Katz (1995) and random effects estimations. Findings – The results from the empirical estimation provide ample evidence in support for ES hypothesis for both life and non-life insurance markets. While conflicting results was found for SCP hypothesis in the non-life insurance market, it was rejected in the life insurance market. The findings also point to an increasing level of competition in both life and non-life insurance industry in Ghana though they still remain concentrated with the life insurance sector having high levels of efficiency compared to the non-life sector. Practical implications – The findings of the study will enhance the understanding of firm behaviour in the new markets created to shape regulatory and competition policies of the regulator to promote consumer welfare while ensuring a stable industry to enhance its role in economic development. Originality/value – This is the first study to test the market power and efficient hypotheses on the insurance industry in Ghana. To the best of the author’s knowledge, this study is the first to examine the determinants of profitability in the non-life insurance market.

scholarly journals Modern Problems and Prospects for the Development of the Insurance Market in the Russian Federation

2021 ◽  
pp. 84-95
Author(s):  
Elena Gushchina ◽  
Valeria Vinogradova
Keyword(s):  
Russian Federation ◽  
Monopolistic Competition ◽  
Insurance Market ◽  
Barriers To Entry ◽  
The Past ◽  
Current State ◽  
The Russian Federation ◽  
The Impact ◽  
Further Development

The role of insurance in a person’s life is undoubtedly great because it serves as the most effective tool in case of loss of property, health problems, business protection, etc. The purpose of the article is to assess the current state of the insurance market in Russia and identify problems that arise during its functioning. The research methodology consists in summarizing and comparing data characterizing various components of the insurance market. The article analyzes the current state of the insurance market in Russia with a falling number of insurers by more than 20 % over the past 3 years, the share of top insurers continues to grow every year, over the past 3 years the growth has amounted to 12 %. Calculations that indicate a change in the level of concentration in the insurance market of the Russian Federation have been made. Based on the results of the analysis, it was concluded that there is monopolistic competition in the market. The main factors influencing the level of competition in the market under consideration, namely, barriers to entry into the industry and their impact, were studied Due to the relevance of the research, the analysis of the impact the pandemic has on the Russian insurance market was carried out and the prospects for the development of the market were considered. Identifying the weaknesses of insurers made it possible to determine the priority areas for further development: intensive digital transformation of business, marketing, advertising.

scholarly journals THE SECTOR OF INSURANCE AS A SEPARATE ELEMENT OF THE ECONOMIC SECURITY SYSTEM OF THE RUSSIA

2021 ◽  
Vol 2020 (2) ◽  
pp. 6-10
Author(s):  
Vera Shumilina ◽  
Olga Golubeva
Keyword(s):  
Russian Federation ◽  
Insurance Industry ◽  
Economic Security ◽  
Security System ◽  
Insurance Sector ◽  
Separate Element ◽  
The Future ◽  
The Russian Federation

This article examines the main elements of the insurance industry in the Russian Federation, the stages of its development. The analysis and assessment are carried out, and the prospect of increasing the level of economic security in the future, due to the development of the insurance sector, is described.

REGIONAL FEATURES OF IDENTIFYING OCCUPATIONAL DISEASES FROM THE IMPACT OF THE BIOLOGICAL FACTOR IN THE RUSSIAN FEDERATION IN 2020

2021 ◽  
Author(s):  
P.V. Serebryakov ◽  
◽  
I.N. Fedina ◽  
E.E. Shigan ◽  
◽  
...  
Keyword(s):  
Working Conditions ◽  
Russian Federation ◽  
Well Being ◽  
Biological Factor ◽  
The Past ◽  
Regional Features ◽  
Federal Districts ◽  
Coronavirus Infection ◽  
The Russian Federation ◽  
The Impact

Abstract. Taking into account the sanitary and epidemiological conditions in the Russian Federation associated with the pandemic of the new coronavirus infection COVID-19, the dynamics of occupational morbidity rates from exposure to a biological factor over the past 20 years and, in particular, for 2020 was analyzed. On the state of sanitary and epidemiological well-being of the population in the Russian Federation, an analysis of the structure of occupational pathology in the Federal districts of Russia was carried out with an emphasis on the contribution of COVID-19. The obtained data on Federal districts with a high scatter of indicators can be explained by the initially high levels of occupational pathology in a number of constituent entities of the Russian Federation, as well as by the peculiarities of the spread of COVID-19, the suspension of the activities of occupational medicine centers, and various development of the algorithm for the examination of the connection between COVID-19 cases and working conditions for medical workers.

scholarly journals THE ANALYSIS OF CURRENT TRENDS IN THE INSURANCE SEGMENT OF THE FINANCIAL MARKET OF UKRAINE

2021 ◽  
pp. 130-139
Author(s):  
Yuriy Klapkiv ◽  
Volodymyr Svirskyi ◽  
Roman Shchur
Keyword(s):  
Life Insurance ◽  
Financial Literacy ◽  
Insurance Industry ◽  
Cash Flows ◽  
The State ◽  
Insurance Market ◽  
Insurance Companies ◽  
Insurance Sector ◽  
Current Trends ◽  
The Impact

Purpose. Analysis of the state of the insurance services market of Ukraine, identification of the main problems of its development in modern conditions and determination of directions for improving the functioning of the insurance services market in Ukraine. Methodology of research. The scientific and methodological basis for the article are scientific works, monographs, materials of professional publications, Internet resources. During the research the methods of analysis and synthesis, system-functional method and method of comparative studies were used, with the help of which most modern tendencies, phenomena and processes in the market of insurance services are explained. Findings. The article is devoted to current trends of the insurance in Ukraine. The study examines the main trends in its development during 2016-2020. The dynamics of the number of insurance companies, the main indicators of insurers, the structure of gross and net insurance premiums of domestic insurers, reinsurance indicators are analyzed. Based on a dataset of Ukrainian insurance industry, we analyse the impact of transformation of the insurance sector. Based on the analysis, the main problems of the insurance services market of Ukraine are identified and proposals for improving its development are formulated. The results illustrate major tasks the industry is facing: enhancing the customer experience, improving its business processes, offering new products, and preparing for competition with other industries, imperfection of regulatory regulation of the insurance sector; underdevelopment of the life insurance segment and other types of insurance (agricultural, environmental, catastrophic risks and life insurance, cyber risks); low solvency of potential consumers of insurance services, low level of capitalization of insurance companies, lack of insurance culture, distrust of the insurance institution; fraud and neglect of the rights of policyholders by some insurance companies; low financial literacy of policyholders. Moreover, we identify key areas of change of the insurance services market of Ukraine: creation of a centralized online database of insurance contracts; improving the system of taxation of insurance activity; adaptation of Ukrainian legislation in the field of insurance to EU legislation; introduction of high technologies in insurance services; improvement of marketing management; creation of an export insurance system by establishing a special organization for export insurance and financing; introduction of insurance culture and traditions. Originality. A comprehensive approach to the analysis of the state of the insurance market as an important component of the financial sector of the economy with most of its inherent characteristics, functions and principles; economic space in which institutional units for the implementation of insurance services interact; a set of orderly cash flows between the subjects of the insurance market. Practical value. The results of the study can be the basis for further research to systematically address practical problems in this area, development and implementation of measures aimed to achieve accelerated progressive development of the insurance market to ensure socio-economic growth. Key words: insurance, insurance services, insurance services market.

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