Aviation Risk Insurance: Types, Importance, Market under Sanctions Restrictions
( Pp. 165-173)

More about authors
Kirill O. Khroni postgraduate student, CEO
The Russian Presidential Academy of National Economy and Public Administration; INTEK-CONSULTING LLC
Moscow, Russian Federation; Moscow region, Roshal, Russian Federation Alexander S. Millerman Dr. Sci. (Econ.), Associate Professor, Head of the Department of Finance and Insurance of Institute of Economics, Mathematics and Information Technology
The Russian Presidential Academy of National Economy and Public Administration
Moscow, Russian Federation
Abstract:
The article is devoted to the study of the significance, features, types and state of the aviation risk insurance market in the context of modern sanctions restrictions. The leading and stimulating role of the insurance institution in the development of the Russian air transport industry is highlighted. The importance of insurance is emphasized, which provides financial protection functions and supports the overall economic stability of airlines, provides space for maneuvering and development, covering many obligations and preventing the need to form huge reserves for possible losses. The features of aviation risk insurance are determined, with clarification of changes associated with the unprecedented sanctions restrictions of the countries of the collective West. Some cases of the positive influence of insurance organizations on the condition of aviation companies and the reduction of aviation risks are clarified. Based on the results of the study, conclusions are drawn about the challenges facing domestic insurance related to the creation of a new insurance infrastructure, with the inclusion of reliable partners and reinsurers, with the concentration of capital and coverage of insurance risks.
How to Cite:
Khroni K. O., Millerman A. S. Aviation Risk Insurance: Types, Importance, Market under Sanctions Restrictions // ECONOMIC PROBLEMS AND LEGAL PRACTICE. 2024. Vol. 20. № 4. P. 165-173. (in Russ.) EDN: DKGQPR
Reference list:
Kostyaev S.S. US and EU sanctions against the Republic of Crimea and the city of Sevastopol // ESPR. 2016. No. 2. pp. 123–128.
Matyukha S.V. Macroeconomic crises: the impact of the pandemic and geopolitical risks on Russian civil aviation // TDR. 2022. No. 2. pp. 37–40.
Meshankov D.V. Features of domestic aviation insurance and proposals for its development // Moscow Economic Journal. 2020. No. 11. pp. 630–641.
Nerovnya Yu.V., Romanov D.G. Theoretical and practical aspects of the development of the reinsurance segment of the insurance market // Financial research. 2019. No. 4 (65). pp. 280–286.
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Parkhitko N.P. Formation of technological independence of the USSR. continuity of experience for Russia using the example of the Tupolev Design Bureau (on the 100th anniversary of the founding of the Design Bureau) // Post-Soviet Research. 2023. No. 1. pp. 97–106.
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Keywords:
aviation industry, insurance, aviation, aviation risks, domestic aviation under sanctions, aviation insurance under sanctions, Russian air transport industry..


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