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СтаттяЗовнішня публікація🌐 Russian

Theoretical basis for the development of the insurance market and the practice of providing insurance services in the Russian Federation

Elena Ivanovna VorobyovaOleg Georgievich BlazhevichOlga Mikhailovna Korobеynikova

Анотація

This article examines the theoretical foundations of insurance market development, its operational characteristics, the importance of insurance coverage for ensuring economic and social stability, the practice of offering insurance services, and ways to effectively realize the insurance market’s potential in the context of high risks affecting the socioeconomic environment of the Russian Federation. The authors assess the financial condition of insurance companies, study the dynamics of insurance entities, demonstrate the structure of insurance premiums, and analyze the financial results of insurance operations. The importance of the ratio of insurance premiums to insurance reserves, whose dynamics demonstrate the degree of client confidence in insurance companies, is highlighted. A rationale for increasing the number of voluntary life insurance transactions and the advantages of endowment life insurance are presented. Based on an analysis of insurance company operations, the authors highlight the potential of the Russian insurance market and the need for an integrated approach to the implementation of insurance products and services.

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