UDC 336.64:368

© I.A. Babenko, S.N. Soldatkin, 2010

THE CAPITAL ASSET PRICING MODEL (CARM) AND PROFITABLENESS OF INSURANCE CAPITAL

The cost estimation of insurance company and investment projects realized on the insurance market raises a question about models of calculation of discount rate, which reflects investment profitability of an investor at a certain risk level. The existing fundamental Capital Asset Pricing Model (CARM) does no apply to appraisal of insurance capital and therefore has to be modified taking into account the realities of the Russian economy.

Keywords: insurance market, share market, capital, discount rate, investment profitability, risk, profit, securities.

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	Main page News Editorial staff For authors Subscription Archive Site map Russian version Search:	UDC 336.64:368 © I.A. Babenko, S.N. Soldatkin, 2010 THE CAPITAL ASSET PRICING MODEL (CARM) AND PROFITABLENESS OF INSURANCE CAPITAL The cost estimation of insurance company and investment projects realized on the insurance market raises a question about models of calculation of discount rate, which reflects investment profitability of an investor at a certain risk level. The existing fundamental Capital Asset Pricing Model (CARM) does no apply to appraisal of insurance capital and therefore has to be modified taking into account the realities of the Russian economy. Keywords: insurance market, share market, capital, discount rate, investment profitability, risk, profit, securities. Download article (203.8 Kb) Сontents

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