Control over the solvency of insurers as part of state regulation of insurance activities in Russia

UDC 368

Authors

Aliev B. Kh.
doctor of economics, professor, department of finance and credit, Dagestan State University, Makhachkala

Abstract

The article examines the problems of regulation and supervision of insurance activities in Russia. Reforming insurers' solvency controls will re-quire transition periods and changes in asset restructuring in order for compa-nies to adapt to such a model. The main thing in this is to determine all the possible consequences for the industry and determine the transition periods, which may take even more than one year.
As a result, a conclusion was made about the internal inconsistency and ineffectiveness of the existing system of regulation of insurance activities and proposals were made for its fundamental change, taking into account the tendencies of solving these problems.

Keywords

insurance business, solvency of insurers, insurance develop-ment, insurance market, self-regulatory organizations, insurance business, sol-vency and financial stability of insurers.