STRATEGIC BENCHMARKS FOR THE FORMATION OF EFFECTIVE PRUDENTIAL REGULATION OF THE ACTIVITY OF INSURANCE COMPANIES

Author:

Kovalenko Daria , Optical and Mechanical College at Kyiv National Taras Shevchenko University

Language: ukrainian

Annotation:

Within the article, methodical instruments of prudential regulation of the insurance market based on the generalization of the best practices in the field of the supervision over the solvency of insurers are presented. Prudential regulation is implemented through the standards of solvency and financial strength for insurance companies. Fulfilment of these requirements is the basis for the application of prudential instruments of influence to such companies. Prudential regulation of the insurance market is presented as an integrated adaptive system, including elements, principles, functions, subsystems, risk identification and implementation of the set of preventive measures designed to minimize the actions of identified risks.

Key words:

insurance; insurers; insurance market; prudential regulation; supervision; solvency; risks

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