ASSESSMENT AND ANALYSIS OF THE CURRENT STATE AND DEVELOPMENT TRENDS OF THE INSURANCE MARKET SYSTEM

Abstract

The positive difference between all assets of the insurer and its liabilities is used to fulfill insurance obligations in the event of insufficient insurance reserves. The essence of the current methodology for assessing the solvency of an insurance organization comes down to comparing the actual size of the solvency margin (the actual size of the insurer's net assets) with its standard size, calculated with the data of the insurance organization being assessed in accordance with the instructional materials.In economic terms, the regulatory solvency margin represents the minimum amount of its own available funds that an insurance organization must have, taking into account accepted and fulfilled obligations.