Governance of factors for the regional insurance market development (evidence from Russia)

Insurance is the most important institution for social and financial protection. Therefore, the development level of the regional insurance market not only determines the volume and quality of this protection, but also influences the social and economic development of the region through the coverage...

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Main Authors: Nataliya P. Kuznetsova, Galina Chernova, Evgenija Prokopjeva, Natalja Boldyreva
Format: Article
Language:English
Published: LLC "CPC "Business Perspectives" 2019-10-01
Series:Problems and Perspectives in Management
Subjects:
Online Access:https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/12557/PPM_2019_03_Kuznetsova.pdf
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author Nataliya P. Kuznetsova
Galina Chernova
Evgenija Prokopjeva
Natalja Boldyreva
author_facet Nataliya P. Kuznetsova
Galina Chernova
Evgenija Prokopjeva
Natalja Boldyreva
author_sort Nataliya P. Kuznetsova
collection DOAJ
description Insurance is the most important institution for social and financial protection. Therefore, the development level of the regional insurance market not only determines the volume and quality of this protection, but also influences the social and economic development of the region through the coverage of risks and the provision of additional jobs. In turn, many factors have a significant impact on the development of the regional insurance market itself. This study is aimed at developing a model for governing the development factors of the regional insurance market, which (governance) focuses on improving the development efficiency of not only the regional insurance market itself, but also the socio-economic development of the relevant region. In this regard, the model for governing the factors of development of the regional insurance market involves solving the following scientific problems: identifying national factors for the functioning and development of the Russian insurance market that influence the development of the regional insurance market; determining regional development factors affecting the regional insurance market; identifying the impact of the regional insurance market on the socio-economic development of the region; developing recommendations on the effective impact of national and regional factors on the regional insurance market development and, through it, on the socio-economic development of the region. Implementation of the proposed model for governing the factors for the regional insurance market development will increase its efficiency and strengthen the socio-economic development of the region.
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spelling doaj.art-323324757aee4e35bcce98bd102026032022-12-21T23:51:06ZengLLC "CPC "Business Perspectives"Problems and Perspectives in Management1727-70511810-54672019-10-0117349250710.21511/ppm.17(3).2019.3912557Governance of factors for the regional insurance market development (evidence from Russia)Nataliya P. Kuznetsova0Galina Chernova1Evgenija Prokopjeva2Natalja Boldyreva3Doctor of Economics, Professor, Saint Petersburg State UniversityDoctor of Economics, Professor, St Petersburg UniversityPh.D. in Economics, Associate Professor, Khakass Technical Institute of the Siberian Federal University,Doctor of Economics, Professor, Tyumen State UniversityInsurance is the most important institution for social and financial protection. Therefore, the development level of the regional insurance market not only determines the volume and quality of this protection, but also influences the social and economic development of the region through the coverage of risks and the provision of additional jobs. In turn, many factors have a significant impact on the development of the regional insurance market itself. This study is aimed at developing a model for governing the development factors of the regional insurance market, which (governance) focuses on improving the development efficiency of not only the regional insurance market itself, but also the socio-economic development of the relevant region. In this regard, the model for governing the factors of development of the regional insurance market involves solving the following scientific problems: identifying national factors for the functioning and development of the Russian insurance market that influence the development of the regional insurance market; determining regional development factors affecting the regional insurance market; identifying the impact of the regional insurance market on the socio-economic development of the region; developing recommendations on the effective impact of national and regional factors on the regional insurance market development and, through it, on the socio-economic development of the region. Implementation of the proposed model for governing the factors for the regional insurance market development will increase its efficiency and strengthen the socio-economic development of the region.https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/12557/PPM_2019_03_Kuznetsova.pdfconstraintsdevelopment planfactor influence schememanagement decisionsnational factorsregional factors
spellingShingle Nataliya P. Kuznetsova
Galina Chernova
Evgenija Prokopjeva
Natalja Boldyreva
Governance of factors for the regional insurance market development (evidence from Russia)
Problems and Perspectives in Management
constraints
development plan
factor influence scheme
management decisions
national factors
regional factors
title Governance of factors for the regional insurance market development (evidence from Russia)
title_full Governance of factors for the regional insurance market development (evidence from Russia)
title_fullStr Governance of factors for the regional insurance market development (evidence from Russia)
title_full_unstemmed Governance of factors for the regional insurance market development (evidence from Russia)
title_short Governance of factors for the regional insurance market development (evidence from Russia)
title_sort governance of factors for the regional insurance market development evidence from russia
topic constraints
development plan
factor influence scheme
management decisions
national factors
regional factors
url https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/12557/PPM_2019_03_Kuznetsova.pdf
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AT galinachernova governanceoffactorsfortheregionalinsurancemarketdevelopmentevidencefromrussia
AT evgenijaprokopjeva governanceoffactorsfortheregionalinsurancemarketdevelopmentevidencefromrussia
AT nataljaboldyreva governanceoffactorsfortheregionalinsurancemarketdevelopmentevidencefromrussia