Financial convergence processes: Problems of the research and the case of insurance market in Russia

Research output: Contribution to journalArticlepeer-review

Abstract

The paper gives a brief overview of the convergence theory, as well as its interpretation for emerging markets domestic insurance companies. Research methodology is based upon estimating the panel of insurance companies for existence of convergence or divergence. By analyzing the balance sheet data and of the insurer financial results (case of fast developing market in Russia) the authors argue the sigma - convergence availability of regional and federal insurance companies. The main summing up conclusion of the article is about the uneven levels of insurance market development at a certain time horizon in the center and the periphery of Russia. The study reveals the need to perceive more uniform development of the insurance market, the necessity for a single effective insurance space formation in Russia.
Original languageEnglish
Pages (from-to)130-140
JournalViesasis administravimas
Issue number3-4 (43-44)
StatePublished - 2014

Keywords

  • Key words: sigma-convergence
  • insurance
  • emerging insurance markets
  • federal insurers
  • regional insurers

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