Insurance Markets of the EAEU Member States: Current Status and Efficiency

Yuri A. Spletukhov ()
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Yuri A. Spletukhov: Financial Research Institute, Moscow 127006, Russia; Financial University under the Government of the Russian Federation, Moscow 125993, Russia

Finansovyj žhurnal — Financial Journal, 2017, issue 2, 105-114

Abstract: The article analyzes the current status and level of development of the insurance markets of members countries of the EAEU, suggests possible ways of increasing the efficiency of the insurance market in these countries. The conclusion is made about significant differences at the level of insurance development between the individual states of the EAEU, as well as differences in the insurance legislation, government regulation and supervision, the structure of insurance types. According to the author, among the main tasks, that should be addressed to ensure the insurance development in the member states of the EAEU, are to increase the public insurance culture, to organize the compulsory insurance system, to form state insurance activity regulation system that meets modern requirements, to improve the functioning of the insurance market infrastructure, to develop the mechanism of reinsurance.

Keywords: insurance; insurance market; EAEU member state; level of development; improving the efficiency (search for similar items in EconPapers)
JEL-codes: G22 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:170209:p:105-114

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