IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-319-74216-8_26.html
   My bibliography  Save this book chapter

Sustainability of Insurance Business and Leadership in the Market of Insurance Services

In: Leadership for the Future Sustainable Development of Business and Education

Author

Listed:
  • Irina V. Sukhorukova

    (Plekhanov Russian University of Economics)

  • Natalya A. Chistyakova

    (Plekhanov Russian University of Economics)

Abstract

Our paper considers the peculiarities of personal voluntary pension insurance in the Russian Federation taking into account the regional specifics of its subjects. To assess the adequacy of the obligations of the insurance company, we construct an economic-mathematical model of personal joint insurance of several participants in the conditions of the national insurance system. Actuarial calculations are based on the study of financial schemes, taking into account the stochastic nature of insured events. Apart from the accidental component, the actuarial contract is a financial instrument where the invested money is invested to generate income. This study examines the duration of the contract for lifelong maintenance of partners (spouses) on the conditions of inheritance of their property. Inheritance rights arise at the time of the death of the second partner (spouse). The average lifetime of the contract of lifelong maintenance, concluded with partners (spouses) and allowing optimizing the conduct of insurance business, is calculated. The analytical expression is obtained for the mathematical expectation and variance of the validity of the contract. When performing the calculation, the actuarial method of computing insurance tariffs is used alongside the methods of probability theory, mathematical statistics, and simulation modeling.

Suggested Citation

  • Irina V. Sukhorukova & Natalya A. Chistyakova, 2018. "Sustainability of Insurance Business and Leadership in the Market of Insurance Services," Springer Proceedings in Business and Economics, in: Wadim Strielkowski & Oksana Chigisheva (ed.), Leadership for the Future Sustainable Development of Business and Education, pages 259-267, Springer.
    • Handle: RePEc:spr:prbchp:978-3-319-74216-8_26
    DOI: 10.1007/978-3-319-74216-8_26
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:prbchp:978-3-319-74216-8_26. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.