TRENDS IN THE DEVELOPMENT OF THE INSURANCE MARKET IN RUSSIA: INSTITUTIONAL ASPECT
The paper considers the development process of the Russian market of insurance services in several areas, including analysis of competition, the institutional environment and the characteristics of entrepreneurial activities in Russia. The research methodology includes structural and statistical analysis and synthesis of the results, obtained with the aim of an objective assessment of the market condition. The assessment of the level of market concentration was carried out, using three main indicators: the absolute concentration level (K), the market concentration index (CR5) and the Herfindahl-Hirschman index (HHI). The results of the study indicate a trend towards strengthening the market positions of leading companies, coupled with a contraction in the market, expressed in a decrease in the number of entities, operating on it.