Concentration of the life insurance market in Russia as one of the factors of the predicted slowdown in the growth rate of the industry

Abstract

Article represents the structured description of process of application of the statistical analysis for an assessment of dynamics of growth of the market of insurance in Russia. In 2017 – stagnatory period of economy – a problem of search and use of the most objective tools helping to reveal problems of branch is urgent and important to define the major factors leading to these problems proceeds. In work, the task about expediency of calculation of coefficient of Herfindal-Hirschman for definition of importance of influence of a factor of a concentration on the market of insurance in Russia has been set and solved. Process of relevance of a problem, reason of the choice of a concrete indicator is described, the structure of carrying out the analysis is given, subject conclusions are drawn. The main theses of results of carrying out work are as follows. The carried-out statistical analysis, regarding calculation of an indicator of Herfindal-Hirschman has confirmed the theory that the high concentration of a share of the market leads to delay of growth rates of business. The calculation presented in article and the analysis of coefficient of Herfindal-Hirschman is recommended to be used for search of the best practice in the considered perspective. To analyze the indicator as required in applying the accepted macroeconomic standards the boundaries of the interpretation of the results, and based on the experience of the foreign practitioners. Life insurance market growth drivers (generally, it is about bulk selling of the idea of life insurance, as an obligatory element of correctly built portfolio of any client) in Russia perhaps and need to be used to branch of insurance in general, adapting the used tools under the necessary scales of business. Following the results of the carried-out work the variation of development of the market of insurance on the basis of the carried-out analysis is offered.