CONDITION OF LIFE INSURANCE MARKET IN RUSSIA

Abstract

The article emphasizes the problem of the qualitative development of the life insurance market and the ambiguity of the development trends of this segment of the insurance market. The authors noted a rapid increase in life insurance premiums over the past years. The article also presents the reasons for consumer interest in life insurance investment and some factors that can weaken this interest. One of these factors may be tightening measures by the Bank of Russia to the procedures for selling this instrument. The purpose of the article is to review the current state of the life insurance market in Russia and its assessment using indicators of insurance premiums and payments under life insurance contracts, the structure of life insurance premiums, the number of life insurance contracts entered into.

Keywords

• voluntary life insurance
• insurance market
• insurance product
• investment life insurance
• insurance premium
• insurance payment