Mutual insurance risks
https://doi.org/10.24182/2073-9885-2023-17-3-155-163
Abstract
The article considers the risk status of mutual insurance organizations. The growing popularity of mutual insurance among representatives of the field of material production, carriers, tourism business and other market participants, on the one hand, and the widespread opinion about the increased stability of the activities of a mutual insurance organization, on the other hand, sets the task of determining the risk status of a mutual insurance company, which will make it possible to formulate the main directions of risk–oriented regulation of such organizations. According to the author, the mutual insurance organization is subject to a significant number of various risks of risks, both event and economic and social. It is suggested that at least the following risk groups are inherent in a mutual insurance organization: risks due to the nature of insurance; risks arising from reciprocity as a technology; market risks of the mutual insurance organization; risks of an individual participant in mutual insurance in the part affecting the interests of the functioning of mutual insurance. Analysis of these risk groups makes it possible to come to the conclusion that the risk management of mutual insurance organizations should be built differently for organizations uniting individuals or large legal entities. For mutual companies of individuals, it is necessary to provide for built–in risk management mechanisms; for mutual societies that unite legal entities, risk management should be systemic and combine both the risks of the organization and its participants (enterprises).
About the Author
L. A. Orlanyuk–Malitskaya
Financial University under the Government of the Russian Federation
Russian Federation
Russian Federation
Dr. Sci. (Econ.), Prof.
Department of Insurance and Social Economics
Moscow
References
1. Brovkin A.V., Khorin A.N. The current state of the mutual insurance market in Russia and the key factors constraining its development. Economics: yesterday, today, tomorrow. 2018. Volume 8. No. 9A. Pp. 183–190.
2. Venediktova S.K., Gorbushina N.Yu., Muravyev A.V. Mutual insurance: its role and the need for development in the modern insurance market of Economic sciences. 2023. No.2 (219). Pp. 165–170.
3. Annual report of the Bank of Russia for 2023 business [Electronic resource]. – URL: https://cbr.ru/collection/collection/file/49041/ar_2023.pdf (date of access: 04.05.2024).
4. Gunin E.M. On the peculiarities of the legal status and activities of mutual insurance companies / E.M. Gunin, R.D. Bakhyshov // Bulletin of Kemerovo State University. 2015. Vol. 2, No. 4. Pp. 217–220.
5. Davydov I.I. Mutual insurance – what responsibility do the members of the OVS bear and why it cannot go bankrupt / I.I. Davydov. – Text: electronic. Insurance today: CJSC Media Information Group (MIG). 2003–2021. [Electronic resource]. – URL: https://www.insur-info.ru/analysis/1389 / (date of access: 05.10.2024).
6. Logvinova I.L. Mutual insurance as a method of creating insurance products in the Russian economy. – M.: Ankil. 2010. P. 248.
7. Logvinova I.L. Mutual insurance organizations as business entities. Economic sciences. 2010. No. 5. Pp. 182–189.
8. Medvedeva O. Carriers in the regions create financial cooperatives to cover mutual risks. Rossiyskaya gazeta [Electronic resource]. – URL: https://tknts.ru/pereformatirovaniye-rynka-strakhovaniya-perevozchikiobyedinyayutsya-i-vyigryvayut / (date of access: 05.10.2024).
9. The official website of the non-profit corporate organization «Consumer Mutual Insurance Society of the transport industry» (NGO «POVSTO») [Electronic resource]. – URL: https://povsto.ru / (date of access: 04.07.2024).
10. Reformatting the insurance market: carriers unite and win. – [Electronic resource]. – URL: https://tknts.ru/pereformatirovaniye-rynka-strakhovaniya-perevozchiki-obyedinyayutsya-i-vyigryvayut (date of access: 05.10.2024).
11. Reicher V.K. Socio-historical types of insurance / Academy of Sciences of the USSR. In-t is right. – Moscow; Leningrad: Ed. and 1st type. Publishing House of the Academy of Sciences of the USSR in L. 1947. P. 283.
12. Rostec is avoiding unnecessary risks. The state Corporation expands the insurance business [Electronic resource]. – URL: ttps://www.insur-info.ru/press/177057/ (date of access: 04.19.2024).
13. Stepanova M.N. Legal risks of mutual insurance companies: concept and features. Baikal Research Journal. 2017. Vol. 8, No. 3. DOI: 10.17150/2411-6262.2017.8(3).3.
14. Suits V.P., Khorin A.N., Brovkin A.V. Analysis of the advantages of mutual insurance and the possibility of its sectoral application in the Russian Federation (part 2). Economics: yesterday, today, tomorrow. 2019. Volume 9. No. 3.
15. Turbina K.E., Dadkov V.N. Mutual insurance. – M.: Ankil. 2007. 344 p.
16. Willan C. The Naked Economy. Exposing a dull science. Mann, Ivanov and Ferber. 2022. P. 189.
17. Federal Law 286 «On Mutual Insurance» dated 29.11. 2007 in subsequent editions. [Electronic resource]. – URL: https://www.consultant.ru/document/cons_doc_LAW_72848 / (date of access: 05.12.2024).
18. Khitrova E.M. Interests of participants in insurance relations and risks of their implementation. Business. Education. Right. Bulletin of the Volgograd Institute of Business. 2016. No. 1. Pp. 136–140.
19. Shafranov A. Mutual insurance companies in the market of compulsory insurance of civil liability of arbitration managers as one of the ways out of the crisis [Electronic resource]. – URL: https://zakon.ru/blog/2022/02/24obschestva_vzaimnogo_strahovaniya_na_rynke_obyazatelnogo_strahovaniya_grazhdanskoj_otvetstvennosti_a (date of access: 04.19.2024).
Review
For citations:
Orlanyuk–Malitskaya L.A. Mutual insurance risks. Entrepreneur’s Guide. 2024;17(3):155–163. (In Russ.) https://doi.org/10.24182/2073-9885-2023-17-3-155-163
Views:
204
Email this article 