Sectoral Competitiveness of the Insurance Markets of the EAEU Countries: Criteria and Evaluation

Amir K. Sembekov () and Yeraly G. Budeshov ()
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Amir K. Sembekov: Karaganda Economic University of Kazpotrebsoyuz, Karaganda 100009, Kazakhstan
Yeraly G. Budeshov: Karaganda Economic University of Kazpotrebsoyuz, Karaganda 100009, Kazakhstan

Finansovyj žhurnal — Financial Journal, 2018, issue 2, 84-93

Abstract: This article examines the issues of assessing the competitiveness of the national insurance markets of the EAEU. It also analyzes the main criteria characterizing the level of competitiveness of the national insurance market in the conditions of the integration union. As a result of the research, the main competitive advantages and weak positions of the national insurance markets are identified in the context of each country, based on the application of the methodology for assessing the competitive advantages of the insurance markets of the EAEU member countries through the «competitiveness polygon». Using economic and mathematical modeling the authors estimate the influence of factors of the industry competitiveness of the insurance markets in the conditions of the integration space of the EAEU. Measures aimed at enhancing competitive advantages in the activities of insurance companies and forming a competitive national insurance market of the Eurasian Union are proposed at the end of the article.

Keywords: competitiveness; competitive advantages; concentration of insurance market; density of insurers; market penetration; insurance market indicators; assets; equity; insurance premiums; Herfindahl-Hirschman index (search for similar items in EconPapers)
JEL-codes: G22 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:180207:p:84-93

DOI: 10.31107/2075-1990-2018-2-84-93

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