Reinsurance Market in Russia Requires a Restart
Purpose: main objective of this article is to analyze dynamics and structure of the reinsurance market in Russia. Market research is conducted to understand the main trends in Russian reinsurance during period of economic sanctions. As these sanctions, affect incoming and outgoing reinsurance, as we...
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| Format: | Article |
| Language: | Russian |
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Nauka
2017-04-01
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| Series: | Модернизация, инновация, развитие |
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| Online Access: | https://www.mir-nayka.com/jour/article/view/729 |
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| author | I. S. Voronin |
| author_facet | I. S. Voronin |
| author_sort | I. S. Voronin |
| collection | DOAJ |
| description | Purpose: main objective of this article is to analyze dynamics and structure of the reinsurance market in Russia. Market research is conducted to understand the main trends in Russian reinsurance during period of economic sanctions. As these sanctions, affect incoming and outgoing reinsurance, as well as the development of the industry in the whole country. To achieve this goal, the article needs to address the following objectives: conduct a comparative analysis of the dynamics of the reinsurance market; to identify the current structure of the reinsurance market in Russia; to evaluate the influence of the Russian national reinsurance company in the insurance market of the Russian Federation. Methods: this article is based on the Central Bank of Russia consolidated data on the insurance market. Results: in the period imposed against our country economic sanctions by Western countries, the topic of import substitution is relevant not only in the productive sectors of the economy and the financial markets. In particular, in the present period it is necessary to obtain additional capacity with the market of international capital loans and improve the domestic investment climate in the country. Current international practice shows that the development of any financial industry would be impossible without effective sharing of different kinds of risks and their maximum leveling. Conclusions and Relevance: analysis conducted in the article allows to identify current trends in the insurance market in Russia from both internal and external players perspectives. The data demonstrates the main problem areas of the reinsurance community in Russia and ways of solving them. In addition, the article makes predictions about the development of the reinsurance market in Russia with the imposition of a new player – the national reinsurance company. |
| format | Article |
| id | doaj-art-4e14a8d1187f47e8a36b2529de5997b4 |
| institution | Kabale University |
| issn | 2079-4665 2411-796X |
| language | Russian |
| publishDate | 2017-04-01 |
| publisher | Nauka |
| record_format | Article |
| series | Модернизация, инновация, развитие |
| spelling | doaj-art-4e14a8d1187f47e8a36b2529de5997b42025-08-20T03:56:28ZrusNaukaМодернизация, инновация, развитие2079-46652411-796X2017-04-0181(29)14014910.18184/2079-4665.2017.8.1.140-149724Reinsurance Market in Russia Requires a RestartI. S. Voronin0The Russian Presidential Academy of National Economy and Public Administration, MoscowPurpose: main objective of this article is to analyze dynamics and structure of the reinsurance market in Russia. Market research is conducted to understand the main trends in Russian reinsurance during period of economic sanctions. As these sanctions, affect incoming and outgoing reinsurance, as well as the development of the industry in the whole country. To achieve this goal, the article needs to address the following objectives: conduct a comparative analysis of the dynamics of the reinsurance market; to identify the current structure of the reinsurance market in Russia; to evaluate the influence of the Russian national reinsurance company in the insurance market of the Russian Federation. Methods: this article is based on the Central Bank of Russia consolidated data on the insurance market. Results: in the period imposed against our country economic sanctions by Western countries, the topic of import substitution is relevant not only in the productive sectors of the economy and the financial markets. In particular, in the present period it is necessary to obtain additional capacity with the market of international capital loans and improve the domestic investment climate in the country. Current international practice shows that the development of any financial industry would be impossible without effective sharing of different kinds of risks and their maximum leveling. Conclusions and Relevance: analysis conducted in the article allows to identify current trends in the insurance market in Russia from both internal and external players perspectives. The data demonstrates the main problem areas of the reinsurance community in Russia and ways of solving them. In addition, the article makes predictions about the development of the reinsurance market in Russia with the imposition of a new player – the national reinsurance company.https://www.mir-nayka.com/jour/article/view/729reinsurancethe dynamics of the reinsurance market in russiathe structure of reinsurance marketnational reinsurance companyrussian national reinsurance companythe central bankrussian insurance market |
| spellingShingle | I. S. Voronin Reinsurance Market in Russia Requires a Restart Модернизация, инновация, развитие reinsurance the dynamics of the reinsurance market in russia the structure of reinsurance market national reinsurance company russian national reinsurance company the central bank russian insurance market |
| title | Reinsurance Market in Russia Requires a Restart |
| title_full | Reinsurance Market in Russia Requires a Restart |
| title_fullStr | Reinsurance Market in Russia Requires a Restart |
| title_full_unstemmed | Reinsurance Market in Russia Requires a Restart |
| title_short | Reinsurance Market in Russia Requires a Restart |
| title_sort | reinsurance market in russia requires a restart |
| topic | reinsurance the dynamics of the reinsurance market in russia the structure of reinsurance market national reinsurance company russian national reinsurance company the central bank russian insurance market |
| url | https://www.mir-nayka.com/jour/article/view/729 |
| work_keys_str_mv | AT isvoronin reinsurancemarketinrussiarequiresarestart |