Features of the concept "competition" in various approaches to the definition of insurance and the insurance market

A. Tsyganov () and D. Bryzgalov ()

Journal of Modern Competition, 2013, issue 1, 118-128

Abstract: The article is devoted to the issues of the manifestations of competition in the insurance market of the Russian Federation with regard to the different theories of insurance. The peculiarities of the market and intermarket competition by using the following theoretical approaches: the «insurance as security», «insurance as a method of risk management», «insurance through funds»,«insurance as an economic category», «as a contract of insurance», «insurance through insurance protection» and «theory of institutional development of the insurance market» are analyzed. Forms of intermarket competition in the insurance market are identified and justified. The causes of intermarket competition, its positive and negative impacts of the insurance market in macro- and micro- levels are described.

Keywords: competition in the insurance; insurance theory; intermarket competition (search for similar items in EconPapers)
Date: 2013
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