MODELING THE PERSONAL VOLUNTARY INSURANCE MARKET

A. A. Bazhkova, E. I. Nazarova, N. N. Ovchinnikova

Abstract


This paper presents a comprehensive econometric study covering the period from 2014 to 2023 to identify key patterns, construct adequate predictive models, and generate a well-founded forecast for the personal voluntary insurance market in the Russian Federation for 2024. The models constructed for the personal voluntary insurance market demonstrate high quality and statistical significance, providing valuable insights for insurance companies in financial planning, reserve formation, risk management, and product strategy development, as well as for regulators and financial market analysts.

Keywords


modeling; forecasting; insurance payouts; insurance premiums; statistics

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References


Law of the Russian Federation ''On the Organization of Insurance Business in the Russian Federation'' no. 4015-1.

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Federal State Statistics Service, available at: https://eng.rosstat.gov.ru/folder/210 /document/13218 (accessed on 30 May 2025).


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