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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...

Solvency of health insurance company depends on tariff politics that should be adequate to value of risks insured which depends on number of claims received. Insured’s diseases can occur simultaneously or in various combinations so claims in health insurance are depended. Traditional actuarial methods based on calculation of proportion of insured with each disease among insured individuals don’t take into account possible dependencies between diseases occurrence. Multivariate probit models are the contemporary eco...