DEVELOPMENT OF THE PROPERTY INSURANCE MARKET AND ITS IMPACT ON THE ECONOMIC OF THE ALTAI REGION

УДК 368.1:332.1(571.150)

  • Y. M. Ilinykh Financial University under the Government of the Russian Federation, Altai branch (Barnaul, Russia) Email: yulia-iln@mail.ru
  • Z. M. Kozlova Polzunov Altai State Technical University; St. Petersburg University of Management Technologies and Economics, Altai Institute of Economics (Barnaul, Russia) Email: gannakozlova@mail.ru
DOI_disc_logo https://doi.org/10.14258/epb202604
Keywords: property insurance, insurance market, insurance premiums, company insurance, insured event, agricultural insurance, policyholder

Abstract

The development of the insurance market is inextricably linked with property insurance, which plays a key role in protecting the assets of individuals and legal entities, ensuring financial stability in the event of an insured event. The influence of macroeconomic factors, regulatory innovations, and the level of insurance culture of the population determine the dynamics of this segment. This article presents an analysis of the property insurance market in the Russian Federation and the Altai Krai. As well as the impact of the property insurance market on the regional economy. It analyzes statistical data from the insurance industry in the Russian Federation and insurance companies for 2021-2024. The dynamics of insurance premiums by types of voluntary property insurance in Russia and the Altai Krai for 2021 - 2024 are shown. The authors identified and examined development trends for property insurance in both the Russian Federation and the Altai Krai for 2021 - 2024. Based on the analysis of statistical data, the problems of the insurance market during a period of economic turbulence in the markets are identified. The general trend in the industry indicates a desire to adapt in the face of economic uncertainty and digital transformation. The authors conclude that despite local declines in indicators, the insurance market retains the potential for sustainable growth and expansion of insurance service coverage; companies have changed their strategies and formed new trends in the development of the insurance market.

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Author Biographies

Y. M. Ilinykh, Financial University under the Government of the Russian Federation, Altai branch (Barnaul, Russia)

кандидат экономических наук, доцент кафедры экономики и финансов

Z. M. Kozlova, Polzunov Altai State Technical University; St. Petersburg University of Management Technologies and Economics, Altai Institute of Economics (Barnaul, Russia)

кандидат экономических наук, доцент кафедры «Экономика»; доцент кафедры «Экономика и менеджмент»

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Published
2026-03-18
How to Cite
1. Ilinykh Y. M., Kozlova Z. M. DEVELOPMENT OF THE PROPERTY INSURANCE MARKET AND ITS IMPACT ON THE ECONOMIC OF THE ALTAI REGION // Economics Profession Business, 2026. № 1. P. 34-40. URL: https://journal.asu.ru/ec/article/view/epb202604.
Issue
No 1 (2026): Economics Profession Business
Section
ЭКОНОМИЧЕСКИЕ НАУКИ

Copyright (c) 2026 Ю.М. Ильиных, Ж.М. Козлова

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