Please use this identifier to cite or link to this item: http://elar.urfu.ru/handle/10995/131971
Title: Empirical analyses for financial convergence of Russian insurance market
Authors: Belozyorov, S. A.
Pisarenko, Zh. V.
Issue Date: 2014
Publisher: Institute of Economics, Ural Branch of the Russian Academy of Sciences
Институт экономики Уральского отделения РАН
Citation: Belozyorov S. A. Empirical analyses for financial convergence of Russian insurance market / S. A. Belozyorov, Zh. V. Pisarenko // Economy of Region. — 2014. — Iss. 3. — P. 198-208.
Abstract: This paper analyses peculiarities of Russian insurance market development, the factors of convergence that lay behind the Russian insurance market. Concerns a brief review of financial convergence, its impact on the insurance business, development of Russian insurance market. The purpose of the paper is to find whether there is a diminution of dispersion of performance among Russian regional and federal insurance companies. Research methodology is based on testing the set of selected Russian insurance companies for σ-convergence or divergence. Selected companies represent maximum regional coverage of Russian Federation. Authors study balance sheet data of chosen federal and regional insurance companies for sigma-convergence and conclude that there are regional disproportions in the development of Russian insurance market, centralization of administrative and financial recourses that causes the weakness of regional players. Ideas suggested in this paper can help regulator in the decision-making process for improving situation and formation of insurance services demand in the country.
Keywords: CONVERGENCE
FEDERAL INSURANCE COMPANIES
INSURANCE
REGIONAL INSURANCE COMPANIES
RUSSIAN INSURANCE MARKET
URI: http://elar.urfu.ru/handle/10995/131971
Access: info:eu-repo/semantics/openAccess
SCOPUS ID: 84979834435
ISSN: 2411-1406
2072-6414
DOI: 10.17059/2014-3-20
Origin: Экономика региона. 2014. Выпуск 3
Appears in Collections:Economy of Regions

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