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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Main Author: I. S. Voronin
Format: Article
Language:Russian
Published: Nauka 2017-04-01
Series:Модернизация, инновация, развитие
Subjects:
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.
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spelling doaj.art-4e14a8d1187f47e8a36b2529de5997b42023-03-13T08:37:13ZrusNaukaМодернизация, инновация, развитие2079-46652411-796X2017-04-0181(29)14014910.18184/2079-4665.2017.8.1.140-149724Reinsurance Market in Russia Requires a RestartI. S. Voronin0ФГБОУ ВО «Российская академия народного хозяйства и государственной службы при Президенте Российской Федерации», г. МоскваPurpose: 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/729перестрахованиединамика рынка перестрахования в россииструктура рынка перестрахованиянациональная перестраховочная компанияроссийская национальная перестраховочная компанияцентральный банкроссийский страховой рынок
spellingShingle I. S. Voronin
Reinsurance Market in Russia Requires a Restart
Модернизация, инновация, развитие
перестрахование
динамика рынка перестрахования в россии
структура рынка перестрахования
национальная перестраховочная компания
российская национальная перестраховочная компания
центральный банк
российский страховой рынок
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 перестрахование
динамика рынка перестрахования в россии
структура рынка перестрахования
национальная перестраховочная компания
российская национальная перестраховочная компания
центральный банк
российский страховой рынок
url https://www.mir-nayka.com/jour/article/view/729
work_keys_str_mv AT isvoronin reinsurancemarketinrussiarequiresarestart