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Insurance of Financial and Credit Institutions

In: Financial Markets Evolution

Author

Listed:
  • Natalia Adamchuk

    (Moscow State Institute of International Relations (MGIMO University))

  • Vladimir Osipov

    (Moscow State Institute of International Relations (MGIMO University))

  • Lyudmila Tsvetkova

    (Moscow State Institute of International Relations (MGIMO University))

Abstract

The chapter discusses the role of financial and credit institutions in ensuring economic stability, through the coordination of their interaction between investors, borrowers and lenders. It is stated that economic agents’ propensity for saving correlates with the propensity for insurance, which allows for the creation of convergent insurance products based on banking and insurance services. The study checks the hypotheses put forward about the correlation of income level, the propensity to save and the need for insurance protection of potential consumers. Based on the results of the analysis, a conclusion was drawn about the usefulness of convergent insurance products for the households living in poverty, providing repayment of loans for their constructive activities and the way out of poverty.

Suggested Citation

  • Natalia Adamchuk & Vladimir Osipov & Lyudmila Tsvetkova, 2021. "Insurance of Financial and Credit Institutions," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Galina Panova (ed.), Financial Markets Evolution, edition 1, pages 199-211, Palgrave Macmillan.
  • Handle: RePEc:pal:pmschp:978-3-030-71337-9_15
    DOI: 10.1007/978-3-030-71337-9_15
    as

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