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New Forms of the Competition in the Insurance Market of the Russian Federation

Author

Listed:
  • Alexander A. Tsyganov

    (Financial University under the Government of the Russian Federation)

  • Denis V. Bryzgalov

    (Financial University under the Government of the Russian Federation)

Abstract

In article new types of the competition in the market of insurance services are considered. Author’s classification of the competition on insurance market with criterion use «subjects of the competition» is given. Are allocated the intra market and intermarket competition in the insurance market. Intramarket competition included competition between insurance companies (interinsurance) and the competition between the divisions of one insurance company (monoinsurance). The intermarket competitions subdivided into the financial and non-financial competition. Features of the traditional competition, the channel, the interspecific and the intermarket competition in the insurance market are analyzed and described. The assessment of the new types of competition impact the activities of insurance companies.

Suggested Citation

  • Alexander A. Tsyganov & Denis V. Bryzgalov, 2014. "New Forms of the Competition in the Insurance Market of the Russian Federation," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 141-149, September.
    • Handle: RePEc:fru:finjrn:140315:p:141-149
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