Application of economic models to description of the regional insurance market

Abstract

As is well-known, development of the insurance industry involves a number of factors, which are incidental in nature. In addition, the insurance market is substantially affected by macroeconomic indicators of social development. Thereby, relevance of the issues related to quantitative and qualitative changes on the insurance market and definition of laws of its development have been increased. Modeling and forecasting of the Russian insurance market are currently neglected, and works dedicated to development of regional insurance markets are mostly insufficient. The authors of the present paper offer the econometric models to describe the regional insurance market by the example of the Perm region.