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DOI: 10.5593/SGEMSOCIAL2016/B23/S07.089

AN ESTIMATION OF THREATS AND POSSIBILITIES OF GLOBALIZATION OF THE RUSSIAN INSURANCE MARKET AFTER THE WTO ENTRANCE

A. Shikhalev, I. Akhmetova, G. Khamidullina, D. Vorontsov
Friday 30 September 2016 by Libadmin2016

References: 3rd International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM 2016, www.sgemsocial.org, SGEM2016 Conference Proceedings, ISBN 978-619-7105-74-2 / ISSN 2367-5659, 24-31 August, 2016, Book 2 Vol. 3, 713-720 pp, DOI: 10.5593/SGEMSOCIAL2016/B23/S07.089

ABSTRACT
In the paper we make an attempt of analysis and basic forecast for the answer about the sizes and directions of foreign insurers’ appearance on the Russian insurance market after the 2020. We made the estimation and forecasts of the main social-economic results of WTO entrance for the Russian insurers, certain Russian regions and the whole national economics from the site of insurance development.
The main question of work is an attempt to answer analytically the following question: will it be the massive arrival of foreign insurers on the Russian market after the Russian WTO entrance and whether to expect it in 2020? The answer here based on the open data sources of Bank of Russia, etc. and is concerned with the estimation of possible results of such entry and the description of its probable strategies and geographical directions.

Keywords: region; insurance market; life insurance; property insurance; WTO entrance.