About the authors
| First name, Middle name, Last name, Scientific degree, Scientific rank, Current position. Full and brief name of the organization, The organization address. | Safina R.S. – candidate of economical sciences, associate professor E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it Kurzina I.M. – candidate of economical sciences, associate professor E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it Kazan State University of Architecture and Engineering The organization address: 420043, Russia, Kazan, Zelenaya st., 1 |
| Title of the article | Problems of development of insurance business in the construction industry |
| Abstract. | The article is devoted to the analysis of the current situation in the insurance of the construction business. Expansion of insurance of construction risks as a mechanism of protection of property interests of citizens, organizations and state in our country today, is particularly important. This is because the specific construction sector is associated with increased risk and the possibility of significant financial and material losses. Insurance contributes to the reduction of possible threats during the implementation of construction production. In conditions of increasing wear production of housing and communal infrastructure, growth of situations of technogenic and natural disasters, it is necessary to develop flexible and adequate insurance mechanisms. Analyzing sectoral policies during the years of market transformations, one can conclude that the government has chosen insurance as the most effective tool to manage financial risk in the industry. Work in this direction is carried out actively enough and on the level of legislation, and through the establishment of appropriate institutional structures. However, on the insurance market development in Russia has many problems, which do not allow to use it as a reliable system of financial protection. Among them we can mention: the low level of capitalization of insurance companies; the bad faith of some insurers offering builders «nominal» insurance with minimum insurance limits and virtually guaranteed the absence of insurance benefits; invalidity of tariffs; absence of real competition in the market of insurance services. |
| Keywords. | Insurance of construction risks, investments, insurance market, financial resources, redress, insurance business. |
| For citations: | Safina R.S., Kurzina I.M. Problems of development of insurance business in the construction industry // Izvestiya KGASU. 2013. №4(26) P.303-308. |
