Insurance of Financial and Credit Institutions

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 199-211 from Palgrave Macmillan

Abstract: Abstract The chapter discusses the role of financial and credit institutions in ensuring economic stability, through the coordination of their interaction between investors, borrowers and lenders. It is stated that economic agents’ propensity for saving correlates with the propensity for insurance, which allows for the creation of convergent insurance products based on banking and insurance services. The study checks the hypotheses put forward about the correlation of income level, the propensity to save and the need for insurance protection of potential consumers. Based on the results of the analysis, a conclusion was drawn about the usefulness of convergent insurance products for the households living in poverty, providing repayment of loans for their constructive activities and the way out of poverty.

Keywords: Insurance poverty; Credit; Infrastructure mortgage; Insurance companies; Technological changes; Digital risks; E02; G22; I32 (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_15

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DOI: 10.1007/978-3-030-71337-9_15

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