Mutual insurance as a tool for developing of the competition on the market of construction risks'' insurance (example: segment of insurance of the risks connected with transport infrastructure construction)

The article is devoted to the research of the state of competition on the market of construction risks' insurance in Russia. In the countries with the developed market economy the competition exists not only between the commercial insurance organizations, but also between commercial and mutual organizations that act on the mentioned market. The article examines the possibilities of the development of the competition on the Russian market of construction risks' insurance that are connected with the appearance of the special mutual insurance organizations. In the construction field that is one of the most capital-intensive industry the great importance is always attached to the measures intended to the optimization of the different risks that can potentially lead to the great amount of damage. It's quite difficult to name all the risks which appear during the realization of the construction project. Construction organization faces with the risks of harm to life and health, entrepreneurial, financial, commercial, innovation, ecological risks. The main amount of risks of construction project accounts for the construction risks. These risks exist on all stages of the construction project: pre-project phase; project phase; construction stage; operation stage. Construction risks cover a wide range of risks connected with the realization of construction project. In the strict sense construction risks are technical risks. In a broad sense construction risks include not only technical ones but also risks of liability of construction organizations for causing harm to life, health and property of the third parties during the realization of construction. Also construction risks include risks connected with the poor-quality execution of the contract. The article provides a sense of importance of the mutual insurance for developing of the competition in order for the creation of the complete protection of the property risks for all the participants that take part in the construction.