The high-tech nature of the insurance industry in the context of financial security

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Abstract

Modern conditions of insurance activity are associated with a large number of risks and threats. This fact determines the need for the formation of protection, which in turn is based on the need to introduce financial mechanisms to ensure financial security, focused on the sustainable development of the market for the provision of insurance services. The article examines the impact of the digitalization process of the insurance industry on financial security. The paper analyzes the views of economists on issues related to financial security in insurance, highlights the main directions of digitalization of the insurance market as the main trend of increasing the level of financial security. When writing the article, the system and comparative methods, the case method were used. Examples of cases of the leading insurance companies of the Russian market are given. A quantitative assessment of the level of digital maturity in insurance is given. Conclusions are drawn about the impact of the digital insured indicator on financial security in insurance.

About the authors

Polina Aleksandrovna Antipenko

Peoples’ Friendship University of Russia (RUDN University)

Author for correspondence.
Email: p.petrochenko95@mail.ru
SPIN-code: 6507-8658

1st-year postgraduate student, Peoples' Friendship University of Russia

117198, Moscow, Miklukho-Maklaya str., 6

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