Development Analysis of Insurance Markets in the EEU

  • Gulzira SERIKOVA Faculty of Finance, Karaganda Economic University, Karaganda, Kazakhstan
  • Amir SEMBEKOV Faculty of Finance, Karaganda Economic University, Karaganda, Kazakhstan
  • Ainura OMAROVA Faculty of Economics, Karaganda Economic University, Karaganda, Kazakhstan
  • Svetlana KUZGIBEKOVA Faculty of Finance, Karaganda Economic University, Karaganda, Kazakhstan
  • Ainur TINGISHEVA Faculty of Finance, Karaganda Economic University, Karaganda, Kazakhstan
  • Eraly BUDESHOV Faculty of Finance, Karaganda Economic University, Karaganda, Kazakhstan

Abstract

The analysis of insurance markets in the EEU countries presupposes, first of all, an assessment of the level of development of the insurance market in each of the EEU countries in order to identify common features and differences. The results of the analysis will allow us to outline possible directions for its further improvement. Analyzing the current state of development of Kazakhstan's insurance market, in general, one can say about the trends of positive development. The modern insurance market in Kazakhstan is characterized by an increase in the volume of insurance operations, the emergence of new areas of insurance activity, the exacerbation of competition and increased attention of foreign insurers to the situation with insurance business in Kazakhstan.

References

[1] Berezina, E. 2014. The dynamics of credit insurance in Russia will fall by the end of the year. Available at: http://www.rg.ru
[2] Krivko, S., and Telenkova, O. 2014. On the issue of state regulation of the formation of services in problem regions. Prospects of science. Fund for the Development of Science and Culture, 1(7): 141-144.
[3] Official website of the Eurasian Economic Union. Available at: http://www.eaeunion.org
[4] Official website of the International Association of Insurance Supervisors. Available at: http://www.iaisweb.org
[5] Official website of the National Bank of the Republic of Kazakhstan. Current state of the insurance sector of the Republic of Kazakhstan. Available at: http://www.nationalbank.kz
[6] Telenkova, O., and Marchenkova, E. 2014. Trends and prospects of development of consolidation of the regional market of insurance services. Economic sciences, 2(5): 11-14.
Published
2017-12-02
How to Cite
SERIKOVA, Gulzira et al. Development Analysis of Insurance Markets in the EEU. Journal of Advanced Research in Law and Economics, [S.l.], v. 8, n. 4(26), p. 1315-1321, dec. 2017. ISSN 2068-696X. Available at: <https://journals.aserspublishing.eu/jarle/article/view/1537>. Date accessed: 26 may 2024.