Abstract
Insurance is the most important institution for social and financial protection. Therefore, the development level of the regional insurance market not only determines the volume and quality of this protection, but also influences the social and economic development of the region through the coverage of risks and the provision of additional jobs. In turn, many factors have a significant impact on the development of the regional insurance market itself. This study is aimed at developing a model for governing the development factors of the regional insurance market, which (governance) focuses on improving the development efficiency of not only the regional insurance market itself, but also the socio-economic development of the relevant region. In this regard, the model for governing the factors of development of the regional insurance market involves solving the following scientific problems: identifying national factors for the functioning and development of the Russian insurance market that influence the development of the regional insurance market; determining regional development factors affecting the regional insurance market; identifying the impact of the regional insurance market on the socio-economic development of the region; developing recommendations on the effective impact of national and regional factors on the regional insurance market development and, through it, on the socio-economic development of the region. Implementation of the proposed model for governing the factors for the regional insurance market development will increase its efficiency and strengthen the socio-economic development of the region.
Highlights
The importance of the insurance institution for the development of the economy, social sphere of the country and its individual regions cannot be overestimated
According to the analysis The analysis showed that such a mechanism should in the Volga Federal District, there is a pre- provide a consistent solution to the following tasks: dominance of regional development factors that have a stimulating effect on the RIM development
Of national and regional constraints and stimu- The proposed algorithm and the management delants on the development of the RIM and the re- cisions developed on its basis will represent the region, which meets the objectives formulated
Summary
The importance of the insurance institution for the development of the economy, social sphere of the country and its individual regions cannot be overestimated. The implementation problem of the insurance potential is largely due to the fact that there is still no clear idea of what factors affect the insurance market development, and how they affect, and whether it is possible to govern these factors in order to increase the insurance market effectiveness. Another challenge in realizing the insurance potential is the lack of effective mechanisms to ensure the interconnection and mutual influence of the insurance system and other components of the entire socio-economic system.
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