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. 2022;11(1):35.
doi: 10.1186/s13731-022-00223-6. Epub 2022 Mar 12.

Mutual insurance in the entrepreneurial landscape

Irina L Logvinova  1 , Yury B Rubin  2 , Mikhail V Lednev  2 , Daniel P Mozhzhukhin  2
Affiliations

Mutual insurance in the entrepreneurial landscape

Irina L Logvinova et al. J Innov Entrep. 2022.

Abstract

In this article, the authors introduce mutual insurance as a constructive component of the modern entrepreneurial landscape aimed at the protection of the wealth-related interests of the participants of the mutual insurance company (mutual insurance society, friendly society, etc.). Analyzing mutual insurance, the authors display it from the standpoint of entrepreneurship and assume that such companies (MICs) are among the insurance market actors. The specific feature of MICs is that they form the community of their members-policyholders. As far as members of each organization of this kind are its co-owners, they carry out some critical entrepreneurial activity functions. The object of this research is represented by the insurance market of the Russian Federation, through the prism of which the degree of development of MICs was demonstrated, and the barriers to its infrastructure growth were determined.

Keywords: Entrepreneurship; Features and functions of entrepreneurship; Members of mutual insurance organization; Mutual insurance; Mutual insurance organization.

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Conflict of interest statement

Competing interestsThe authors declare that they have no competing interests.

Figures

Fig. 1
Fig. 1
Yearly dynamics of the number of Russian MICs
Fig. 2
Fig. 2
Dynamics of the number of Russian MICs’ members
Fig. 3
Fig. 3
Cash flows of Russian MICs in absolute terms
Fig. 4
Fig. 4
Cash flows of Russian MICs in relative terms
See this image and copyright information in PMC

References

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    1. Deloitte. (2019). Insurance outlook. Retrieved from: https://www2.deloitte.com/content/dam/Deloitte/us/Documents/financial-se...

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