Mutual insurance of transport infrastructure construction risks as an inherent part of competitive environment

Abstract

In this article we introduce mutual insurance as an inherent part of competitive environment in the field of insurance of the transport infrastructure construction risks. The competitive environment makes a great impact on the market behavior of the actors. The monopolization creates the environment, which does not prevent the negative steps of the firm in different directions. The article shows, that mutual insurance is a significant factor which can prevent the monopolization of the insurance market. This is a specific factor that is inherent only to this kind of the market. The competitive advantages of the mutual insurance organizations, their attractiveness to the clients (the insured) are conditioned with the specific relations between the insured and the insurance organization, such as the decision of the main questions of the financial activity of the insurer on the meeting of all the insured or their representatives, the possibility to insure the risks, which the commercial insurers do not insure and some others.