Some Questions of Regulation and Self-Regulation of Insurance Activity

Abstract

In the article, based on the system approach, the author notes that the formalization and application of any parameters in the correlation of state and market regulation seems impossible in connection with a sufficiently strong interpenetration of their mechanisms. And it was concluded that a comprehensive and effective regulatory mechanism, both in the context of a single industry and in the whole of the entire financial and economic system, should represent the optimal combination of state and market regulation on the basis of interaction with institutions of self-regulation and co-regulation.