The role of insurance services scope in the economy of the regions

Aleksandr Tatarkin () and Rafael Safuanov ()
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Aleksandr Tatarkin: Institute of Economics, Russian Academy of Sciences - Ural Branch

Economy of region, 2011, vol. 1, issue 3, 136 - 147

Abstract: The article discloses the peculiarities of forming the forming the contribution of the region’s insurance sector in the gross regional product (GRP). The algorithm and the stages of transformation of cash flows in the system of insurance services reproduction and forming the GRP have been considered. It has been found that added cost which is formed at the stage of producing the insurance product is quantitatively formed in the process of value distribution. Certain suggestions have been formulated to improve the methodology of assessment of the contribution of the «Financial Corporations» sector and the «Insurance Corporations and Pension Funds» subsection.

Keywords: gross domestic product; gross regional product; total output; intermediate consumption; added cost; insurance; insurance market; insurance product; insurance services; insurance premium; insurance reserves; policy holder; profit maker (search for similar items in EconPapers)
Date: 2011
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