Regional insurance market in the Sverdlovskaya oblast: the influence of the financial crisis

Owing to the organization of the activity regional insurers are the mostly influenced subject of the world financial crisis (in comparison with the federal insurance companies). The principal reason of it is insufficient financial resources. To consider the question 22 regional companies of the Sverdlovskaya oblast (21 with head offices in Ekaterinburg, 1 - in Verkhnaya Salda) which enter the Top-100 in insurance collection of the Sverdlovskaya oblast were selected in 2008. The basic indicators characterising insurers' activity is the ratio of payments and the quality of the insurance portfolio. The too high share OSAGO (automobile insurance) in the insurance portfolio structure (about 30 % from the aggregate premium and above) indicates a pour quality of the insurance portfolio, which may result in problems with payments in the short-prospect. Together with already developed high ratio of payments this factor increases the risk of the insurer's insolvency. Following the results of the two-factorial analysis, a number of the insurance companies of the Sverdlovskaya oblast are in a risk-zone in short-term prospect.