Opportunities of cargo insurance in Russia
Emden-Bazhenova, Svetlana (2022)
2022
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2022060113992
https://urn.fi/URN:NBN:fi:amk-2022060113992
Tiivistelmä
Russia is a tempting country for many international businesses. Thus, one Finnish start-up company is interested in entering the Russian market, and prior to this entrance, it needs to study the markets and the demand for their solutions. Therefore, this company proposed the topic for this thesis. The research subject of this work is the Russian cargo insurance market. The company will not be mentioned by the name in this work for confidentiality purposes.
The purpose of the research is to analyse the business opportunities for the commissioning company in the Russian Federation. The results of this research will affect the decision on entering Russian market.
The objective of this work is to conduct a study and analyse the cargo insurance market globally and then focus on this market in the Russian Federation. The sub-questions consider the pros and cons of the logistics industry in Russia, the general situation with the cargo insurance market in Russia, the use of per shipment cargo insurance and the main problems faced by Russian companies.
The thesis was conducted based on the theoretical framework and on the qualitative research. The qualitative research is based on two questionnaires that were designed online in Google Forms and then delivered to the target companies.
The results of the research show that the cargo insurance market in Russia has a declining development dynamic due to political, economic, legislative and cultural problems. Moreover, the recently started military invasion into the territory of Ukraine makes it impossible to start business in the Russian Federation for at least as long as this invasion continues.
The purpose of the research is to analyse the business opportunities for the commissioning company in the Russian Federation. The results of this research will affect the decision on entering Russian market.
The objective of this work is to conduct a study and analyse the cargo insurance market globally and then focus on this market in the Russian Federation. The sub-questions consider the pros and cons of the logistics industry in Russia, the general situation with the cargo insurance market in Russia, the use of per shipment cargo insurance and the main problems faced by Russian companies.
The thesis was conducted based on the theoretical framework and on the qualitative research. The qualitative research is based on two questionnaires that were designed online in Google Forms and then delivered to the target companies.
The results of the research show that the cargo insurance market in Russia has a declining development dynamic due to political, economic, legislative and cultural problems. Moreover, the recently started military invasion into the territory of Ukraine makes it impossible to start business in the Russian Federation for at least as long as this invasion continues.