Insurance Companies: Prospective Business Models

Natalia Adamchuk, Vladimir Osipov and Lyudmila Tsvetkova ()
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Natalia Adamchuk: Moscow State Institute of International Relations (MGIMO University)
Lyudmila Tsvetkova: Moscow State Institute of International Relations (MGIMO University)

A chapter in Financial Markets Evolution, 2021, pp 187-198 from Palgrave Macmillan

Abstract: Abstract This chapter is devoted to the relevant issue of identifying the key features characterizing the development of the insurance market in a changing economic paradigm. The research determines that the insurance market, although it has several differences from others, can nevertheless be successfully analysed from the perspective of institutional theory, and research of its architecture will improve the efficiency of the implementation of development strategies by an insurance company. The result of this study was a methodologically more complete assessment of the signals characteristic of the insurance market, which allows the relationships between participants to be evaluated and considered as an essential element of its architecture. An analysis of the digital transformation processes in insurance has revealed the most promising business models.

Keywords: Insurance market architecture; Insurance market; Insurance company; Stakeholder; Microinsurance; Digitalization; JEL; B22; G23; G32; G35 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-030-71337-9_14

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DOI: 10.1007/978-3-030-71337-9_14

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