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Prediction of macroeconomic indicators of the insurance market development in the Sverdlovsk region in 2010 with application of the simulation modeling method

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  • Irina Vedmed

Abstract

Key parameters characterizing a level of development of insurance business in a region are the following indicators: insurance density and insurance penetration. To analyze the level of the given indicators for the market of the Sverdlovsk region in 2010, methods of simulation modeling have been applied. Two assumptions concerning probabilistic distribution of initial parameters have been considered in the issue; the given parameters are: normal distribution and level distribution.

Suggested Citation

  • Irina Vedmed, 2010. "Prediction of macroeconomic indicators of the insurance market development in the Sverdlovsk region in 2010 with application of the simulation modeling method," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(2), pages 207-212.
    • Handle: RePEc:ura:ecregj:v:1:y:2010:i:2:p:207-212
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