Application of econometric modeling to the estimation of the volume of insurance market of the Republic of Crimea and Sevastopol

The article examines the insurance market using the methodology of econometric modeling in order to obtain an adequate estimate of the potential volume of the insurance market (insurance premium) of the Republic of Crimea and the city of Sevastopol, which in modern conditions is an important and relevant scientific and practical problem. The studies are based on factors (economic values, demographic, socio-economic characteristics) that significantly affect the total amount of all insurance premiums. A sample of approximately similar regions is formed and basing on them an econometric model is constructed. The forecasted value of such indicator as the total potentially collected insurance premiums for the year was calculated. The statistical regularities that reveal and describe this indicator are shown, the sequence of steps is determined, the factors of influence on the amount of insurance premiums collected in each investigated region of the Russian Federation are determined...