domestic insurance market started to develop with the beginning of de-monopolization of the economy.Today, the functioning of a market economy depends on the content of the insurance market, its level of dynamism and development.The significance of the impact of insurance on the economy is the need for the state to regulate insurance activities and to control it.
concept of the insurance market
insurance market - a special socio-economic environment, certain areas of financial relations, where the insurance cover is an object of sale, while it is formed by supply and demand.It can also be defined as a form of organization of monetary relations in distribution and the formation of the insurance fund to provide insurance protection, or as a set of insurers involved in providing a number of services.
By the grounds of the insurance market are a free economy, the existence of competition, free pricing, diversity of ownership, freedom of choice, the emergence of new types of insurance services and other.The insurance market, however, can not take place if it is not complied with at least one of the following conditions:
- the presence of the needs of society in insurance services (demand);
- the presence of the insurers who are able to meet the demand (supply).
In view of these conditions stands out the market and the market insurer insurer.In general, the insurance market - an integrated system, which includes a variety of structural components.For his main subjects include the insurance company (where he carried out the formation of the insurance fund and its use), reinsurance companies, associations of insurers, intermediaries and other insurer.
specific product that is offered - a certain insurance services provided by contract or law.
structure of the insurance market and its kinds
structure of the insurance market can be characterized in various aspects - territorial, institutional and sectoral.Thus, territorial structure of the market is characterized by local, national and global insurance markets;by sector - personal, property;Institutional - joint stock, public, private, corporate insurers.
external environment and the internal content of the insurance market
insurance market is a combination of insurance companies, dynamic system where its individual components (participants of the insurance market) are constantly interacting with each other, forming a single unit.
external environment of the market can be called a system of forces that surround the inner structure of the market and affect it.In the context of this environment insurer carries out its work, has some impact on the external environment.Among the main elements of the external environment, which affects the insurer - the market demand, innovation in insurance, infrastructure insurer competition.
internal systems, in turn, are insurance products, sales and demand generation, its own infrastructure of the insurance company, flexible system of tariffs, financial, material and human resources of the insurer.
Thus, we can draw a general conclusion that the insurance market - a complex system that could not function without the single component.Participants security, forming the supply and demand for the services of insurance companies, to support its work in a market economy, allowing insurance every year becomes more and more popular and necessary.
