Final targets for developing Russian insurance market within a megaregion

DOI

10.2991/cssdre-18.2018.102How to use a DOI?

Keywords

megaregion, insurance market, financial sustainability, Solvency II, international economic integration, EEC

Abstract

The paper explores the trends for developing the insurance market in Russia within megaregional economic space. It reveals major problems of building the single insurance market in the EEU megaregion, specifying the considerable difference both in levels of the social and economic development and insurance legislation of the member-nations. The paper outlines the tasks which seek to be implemented for the purpose of building the single insurance market: harmonizing legislation of the parties, which would regulate the insurance activities, constructing the common system of insurance coverage as well as adjusting the insurance legislation of the parties to the requirements of international standards and practices of insurance control . The current research has enabled to identify the final targets of the Russian insurance market under conditions of international integration and reveal the competitive edge of insurance companies which is provided through consistent implementation of these requirements.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Irina Grigorenko
AU  - Ellada Tikhonovich
PY  - 2018/05
DA  - 2018/05
TI  - Final targets for developing Russian insurance market within a megaregion
BT  - Proceedings of the International Scientific Conference "Competitive, Sustainable and Secure Development of the Regional Economy: Response to Global Challenges" (CSSDRE 2018)
PB  - Atlantis Press
SP  - 494
EP  - 499
SN  - 2352-5428
UR  - https://doi.org/10.2991/cssdre-18.2018.102
DO  - 10.2991/cssdre-18.2018.102
ID  - Grigorenko2018/05
ER  -