Steyskal E.A., Efimov O.N., Khazhieva Z.R.Published in:
Russian Journal of Entrepreneurship
– Volume 20, Number 4 (April 2019)

JEL classification: G22, J40, M21, R59

Keywords: coefficient of payments, federal insurers, insurance premiums, loss, profit, results of investments


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Abstract:

In article dynamics of economic indicators of the main types of insurance practiced by regional insurers is analysed. The group of the regional insurance, companies which entered TOP 100 of insurers of Russia by quantity of collected awards is allocated. Activity of the local insurance enterprises for voluntary life insurance is illustrated. The comparative analysis of coefficients of insurance payments of all insurance companies of Russia and regional insurers, the comparative analysis of profit of t of results on investments of insurance companies of Russia, Moscow, the Volga Federal District is carried out. The analysis of the received trends led to an unambiguous conclusion that prosperity of prepotent insurers happens due to catastrophic reduction of activity of the regional companies that, in turn, demands urgent acceptance of the state measures for preservation and development of the local insurance markets.

Highlights:

Now development of local insurance companies in the Russian Federation is a current problem both for the state, and for society in general.
Because of the dominating functioning of the central insurance companies, resources of regions irrevocably go to the center in the order of the unregistered insurers in this territorial subject of the Russian Federation.
The regional companies occupy the minimum share from all market of insurance. Data are provided on collected awards in 9 months 2018. The coefficient of insurance payments of regional insurance companies for 2012–2017 exceeds coefficient of insurance payments of all Russian insurance companies. From here a conclusion follows that the local companies get smaller profit, than the head companies.
Practically all means of prepotent insurers received from insurance activity in this region through branches go to the center of the Russian Federation.
The disproportion in development of subject and territorial participants of insurance business reached such absorbing level that it is necessary to take for correction of a situation immediately measures of standard and legislative character.

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