The relationship between economic security indicators: insurance and inflation
The article is devoted to the study of insurance and inflation as indicators of economic security of the modern state. The essence and content of insurance and inflation in the framework of neoclassical economic theory are revealed. The current situation in the Russian insurance market is characterized. This situation indicates its high concentration in violation of the Pareto conditions for modern civil society. The following working hypothesis was formulated. In developing countries the impact of inflation occurs on insurance rates, while in developed economies, on the contrary, the impact of insurance is carried out on inflation in the country; there is a threshold for the penetration level of insurance into GDP, and when it is overcome, the impact of insurance on inflation becomes more noticeable. The results of the study revealed, on the one hand, the lower threshold of penetration of insurance (without life insurance) into GDP at the level of 2.0% (taking into account life insurance, this is more than 3.0%), differentiating the vector of dominance in the mutual influence of insurance and inflation, on the other hand, the channels of influence of insurance on inflation, and vice versa. The economic security of the country requires constant identification of external and internal factors affecting the development of insurance in the country and the manifestation of inflation, as well as a systematic analysis of the penetration level of insurance into GDP, and the inflation index in the focus of changes in inflation expectations of the population and business.