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Insurance in the Eurasian Economic Union (EAEU)

https://doi.org/10.24182/2073-9885-2021-14-2-86-97

Abstract

The paper considers the insurance sector of the EAEU countries is analyzed: Russia, Armenia, Kyrgyzstan, Kazakhstan and the Republic of Belarus. The development of insurance markets in the EAEU member states differ significantly. The lowest level of development of the insurance industry is characterized by Armenia and Kyrgyzstan, the highest level of development is in Russia. The paper also examines the restrictions on the reinsurance market in the EAEU countries.

About the Authors

U. T. Kadyrkulov
Financial University under the Government of the Russian Federation
Russian Federation

Masterstudent, Faculty of international economic relations 

Moscow



К. А. Ajekbarov
Ryskulbekov Kyrgyz Economic Yniversity
Kyrgyzstan

Dr. Sci. (Econ.), Honorary Professor 

Bishkek



References

1. Gvozdenko A.A. Insurance Fundamentals: A Textbook / A.A. Gvozdenko. – M.: Finance and statistics, 2013.S. 110.

2. The current state of insurance supervision and regulation of insurance activities in the CIS member states (information and analytical material)

3. Solvency Capital Requirement. [Electronic resource]. URL: https://www.piu.org.pl/ public / upload / ibrowser / solvency / o_solvency.pdf.

4. Agreement on the Eurasian Economic Union (signed in Astana on May 29, 2014). Section XVI. Regulation of financial markets. Internet portal of the CIS. [Electronic resource]. URL: http: //www.ecis.info.

5. On the development of the insurance market in the CIS member states. Information and analytical review. Internet portal of the CIS. [Electronic resource]. URL: http://www.ecis.info.

6. Protocol on the creation of a common insurance market of the member states of the Eurasian Economic Community dated 27.11.2009. Ees. [Electronic resource]. URL: http: // docs.eaeunion.org.

7. Azhekbarov K.A., Kadrkulov U.T. Cyber risk insurance market in Russia: current state and development prospects. Scientific notes of the Russian Academy of Entrepreneurship. 2019. T. 18. № 2. Page 68–75.


Review

For citations:


Kadyrkulov U.T., Ajekbarov К.А. Insurance in the Eurasian Economic Union (EAEU). Entrepreneur’s Guide. 2021;14(2):86-97. (In Russ.) https://doi.org/10.24182/2073-9885-2021-14-2-86-97

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ISSN 2073-9885 (Print)
ISSN 2687-136X (Online)