A Method of Assessing Cooperation Between Insurance Organizations and Commercial Banks in Insuring Banking Risks
- 10.2991/aebmr.k.200312.232How to use a DOI?
The article presents a method of assessing cooperation between banks and insurance organizations in insuring banking risks. Cooperation between these institutions has resulted in an increase in credit insurance premiums and investment life insurance, which are developed with the active participation of banks. The article focuses on banking risks insurance, associated with banking operations, excluding loss of and damage to property and health risks of the employees. Insurance can minimize the majority of banking risks. Insurance companies offer a limited range of banking risks insurance products. These include: BBB (Bankers’ Blanket Bond), mortgage insurance, ATM insurance, collateral protection insurance, and directors and officers liability insurance (D&O). Positive dynamics of insurance premiums in insuring banking risks is indicative of growing cooperation in this area and requires the assessment of cooperation between these financial institutions for further development and analysis of this insurance market segment. The article proposes a method of assessing cooperation between banks and insurance organizations in insuring banking risks, on the basis of which a method has been developed that includes quantitative and qualitative indicators to assess such cooperation. The method was tested on the micro-level, and the calculations were made on the example of the “Ingosstrakh” public joint-stock company (PJSC) and its client Bank SOYUZ joint-stock company (JSC). The calculations enable us to give a qualitative assessment of cooperation between the bank and the insurer in insurance of banking risks.
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - I V Kalacheva AU - O N Kozlova AU - E A Kalacheva PY - 2020 DA - 2020/03/17 TI - A Method of Assessing Cooperation Between Insurance Organizations and Commercial Banks in Insuring Banking Risks BT - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020) PB - Atlantis Press SP - 1679 EP - 1685 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.200312.232 DO - 10.2991/aebmr.k.200312.232 ID - Kalacheva2020 ER -