Data on Social Science Described by Researchers at RUDN University (The role of insurance in the social-economic system)

2020 DEC 25 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Current study results on social science have been published. According to news reporting out of RUDN University by NewsRx editors, research stated, “The article considers the position and meaning of insurance in the social-economic system of Russia. Insurance is associated primarily with protection of the property interests under risky events.”

Our news correspondents obtained a quote from the research from RUDN University: “There is a large classification of risks, which is closely related to the insurance institution, and the authors analyze some types of risks providing relevant contemporary examples. Insurance is a means of the risk management system; however, the current economic, political, and social situation has a direct impact on the insurance system. Thus, in periods of instability, insurance companies have to adapt to the economic situation and financial possibilities of people to purchase insurance products. Insurance as a type of activity performs two groups of functions - economic and social. The main task of insurance is to implement effective measures of insurance protection from risky events. The article also considers activities of insurers in Russia from 2012 to 2018: the number of insurance companies, the authorized capital, the peak volume of foreign deposits, insurance payments, reinsurance operations, etc.”

According to the news reporters, the research concluded: “The authors present two types of insurance - voluntary and compulsory - and consider the features of each type. The data of sociological surveys allows to analyze these features and to identify the role of voluntary and compulsory insurance in the social-economic system (tasks, functions, and so on).”

For more information on this research see: The role of insurance in the social-economic system. RUDN journal of Sociology, 2020,20(4):877-888. (RUDN journal of Sociology - http://journals.rudn.ru/sociology). The publisher for RUDN journal of Sociology is Peoples’ Friendship University of Russia (RUDN University).

A free version of this journal article is available at https://doi.org/10.22363/2313-2272-2020-20-4-877-888.

Our news editors report that more information may be obtained by contacting Zh. V. Puzanova, RUDN University.

(Our reports deliver fact-based news of research and discoveries from around the world.)