INSURANCE BUSINESS AS AN ELEMENT OF NATIONAL ECONOMY DEVELOPMENT

The article studies the role of insurance business in the development of national economy. It analyzes figures of insurance market, identifies the acute lines in its development and assesses the current condition of insurance industry. The author shows specific features of the effective Russian prac...

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Autor principal: Yu. Т. Akhvlediany
Formato: article
Lenguaje:RU
Publicado: Plekhanov Russian University of Economics 2018
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Acceso en línea:https://doaj.org/article/e259ec2cb25d406191f7cc70965d498e
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spelling oai:doaj.org-article:e259ec2cb25d406191f7cc70965d498e2021-11-15T05:20:47ZINSURANCE BUSINESS AS AN ELEMENT OF NATIONAL ECONOMY DEVELOPMENT2413-28292587-925110.21686/2413-2829-2018-3-92-98https://doaj.org/article/e259ec2cb25d406191f7cc70965d498e2018-06-01T00:00:00Zhttps://vest.rea.ru/jour/article/view/500https://doaj.org/toc/2413-2829https://doaj.org/toc/2587-9251The article studies the role of insurance business in the development of national economy. It analyzes figures of insurance market, identifies the acute lines in its development and assesses the current condition of insurance industry. The author shows specific features of the effective Russian practice of protection of insurance service customers’ needs, explains legal innovations in protection of insured rights, puts forward recommendations dealing with high-quality risk management in conditions of digital economy and introduction of advanced system approaches for designing industry standards of insurance service customers’ protection with due regard to regional specificity of entities of the Russian Federation. Parameters of developing the business model of the insurance organization were identified. The author’s idea of the insurance innovation was offered and advantages of its use were demonstrated. On the basis of the analysis of the macro-economic situation on Russian regional insurance market the author assessed the level of insurance development in the territorial aspect. It was proposed to design regional insurance programs for the development of the insurance system, which could foster a rise in economic independence of regions and strengthening of finance market. Specific features of the insurance industry after joining the WTO were shown. The author came to the conclusion about the declining participation of foreign capital in insurers’ authorized capital, which proves a low interest in Russian market on the part of overseas investors. Priority goals aimed at insurance business development according to the Concept of risk-oriented approach, adopted by the Bank of Russia to regulate the Russian insurance sector were set.Yu. Т. AkhvledianyPlekhanov Russian University of Economicsarticlenational economyinsurance marketinsurance servicesinsuranceinsurance businessrisk managementfinance marketinsurance service customersinsurance activityinsurance innovationfinance stabilityEconomics as a scienceHB71-74RUВестник Российского экономического университета имени Г. В. Плеханова, Vol 0, Iss 3, Pp 92-98 (2018)
institution DOAJ
collection DOAJ
language RU
topic national economy
insurance market
insurance services
insurance
insurance business
risk management
finance market
insurance service customers
insurance activity
insurance innovation
finance stability
Economics as a science
HB71-74
spellingShingle national economy
insurance market
insurance services
insurance
insurance business
risk management
finance market
insurance service customers
insurance activity
insurance innovation
finance stability
Economics as a science
HB71-74
Yu. Т. Akhvlediany
INSURANCE BUSINESS AS AN ELEMENT OF NATIONAL ECONOMY DEVELOPMENT
description The article studies the role of insurance business in the development of national economy. It analyzes figures of insurance market, identifies the acute lines in its development and assesses the current condition of insurance industry. The author shows specific features of the effective Russian practice of protection of insurance service customers’ needs, explains legal innovations in protection of insured rights, puts forward recommendations dealing with high-quality risk management in conditions of digital economy and introduction of advanced system approaches for designing industry standards of insurance service customers’ protection with due regard to regional specificity of entities of the Russian Federation. Parameters of developing the business model of the insurance organization were identified. The author’s idea of the insurance innovation was offered and advantages of its use were demonstrated. On the basis of the analysis of the macro-economic situation on Russian regional insurance market the author assessed the level of insurance development in the territorial aspect. It was proposed to design regional insurance programs for the development of the insurance system, which could foster a rise in economic independence of regions and strengthening of finance market. Specific features of the insurance industry after joining the WTO were shown. The author came to the conclusion about the declining participation of foreign capital in insurers’ authorized capital, which proves a low interest in Russian market on the part of overseas investors. Priority goals aimed at insurance business development according to the Concept of risk-oriented approach, adopted by the Bank of Russia to regulate the Russian insurance sector were set.
format article
author Yu. Т. Akhvlediany
author_facet Yu. Т. Akhvlediany
author_sort Yu. Т. Akhvlediany
title INSURANCE BUSINESS AS AN ELEMENT OF NATIONAL ECONOMY DEVELOPMENT
title_short INSURANCE BUSINESS AS AN ELEMENT OF NATIONAL ECONOMY DEVELOPMENT
title_full INSURANCE BUSINESS AS AN ELEMENT OF NATIONAL ECONOMY DEVELOPMENT
title_fullStr INSURANCE BUSINESS AS AN ELEMENT OF NATIONAL ECONOMY DEVELOPMENT
title_full_unstemmed INSURANCE BUSINESS AS AN ELEMENT OF NATIONAL ECONOMY DEVELOPMENT
title_sort insurance business as an element of national economy development
publisher Plekhanov Russian University of Economics
publishDate 2018
url https://doaj.org/article/e259ec2cb25d406191f7cc70965d498e
work_keys_str_mv AT yutakhvlediany insurancebusinessasanelementofnationaleconomydevelopment
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