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In the paper we investigate the insurance behavior of Russians in terms of the determinants of different types of individual voluntary insurance’s choice. Dataset used is Individual Russia Longitudinal Monitoring Survey – Higher School of Economics (RLMS-HSE) Round 26, 2017. Sample includes 10 318 individuals and contains individual data augmented with their households information. Survey is representative for Russia. We estimated logit model for the life and accident insurance and biprobit models for motor insura...

Traditionally, insurance purchasing behavior is associated with individual’ risk aversion. It is assumed that the risk attitudes are correlated with voluntary insurance consumption. We use the potential and realized risk attitudes along with socio-economic and demographic factors as determinants of insurance behavior of Russians. We present the results of modeling of the individual insurance behavior based on Individual Russia Longitudinal Monitoring Survey – Higher School of Economics (RLMS-HSE) Round 25 data for...