Current Development Trends of Insurance Market in Russia

The article discusses a particular segment of the Russian economy – the insurance market. The author gives the definition of this type of market, identifies its members, and explains a number of concepts such as insurance portfolio, insurance premium and payment. In addition to the theoretical aspects, the statistics on key indicators of insurance activity for past three years has been analyzed. Based on the analysis, the main trends of insurance market at the current stage of its development are revealed.