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Russian bank insurance in the retail segment: Myths and reality

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  • Y. S. Ezrokh

Abstract

The article examines key problems of the domestic market of bank insurance (banks’ provision of insurance services under agency programs) in the segment of servicing individuals. It is shown that their accumulation led to a significant “devaluation” of the economic meaning of insurance in the credit segment: (a) the direct (insurance) effect remains extremely low; (b) banks and insurance companies are focused on the indirect effect (super profits against the background of ultra-low payments). The main problems of the accumulative bank insurance segment have been identified, which can lead to similar consequences in the medium term. The measures to regulate the market of bank insurance with the purpose of its recovery are grounded.

Suggested Citation

  • Y. S. Ezrokh, 2018. "Russian bank insurance in the retail segment: Myths and reality," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 5.
    • Handle: RePEc:nos:voprec:y:2018:id:403
    DOI: 10.32609/0042-8736-2018-5-92-109
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