Regional insurance companies: ways of a survival

Abstract

Insurance in a dynamically changing political, legal and economic environment becomes a key factor in strengthening the stability of the business, social security of the population. With the help of insurance can significantly reduce risks and to compensate for possible damage. In other words, the obvious economic benefits of insurance, because it is the most flexible and perfect the mechanism of a full and prompt reparation from the occurrence of risk situations. At the same time it should be noted that our country has specific features of geographical and socio-economic nature, resulting from the administrative division of the state into separate entities (regions). The increasing independence of the regions contributes to increased competition between them, increasing differentiation of regional economies. Therefore, to find a way to survive the regional insurance companies an integrated comprehensive analysis of the socio-economic development, monitoring changes and strengthen competitive advantage.