REGULATION AND SELF-REGULATION OF INSURANCE ACTIVITY

Abstract

The article examines other countries’ experience in developing methods and types of regulating insurance activity. Aims, tasks and mechanisms of self-regulation in this field are rationalized. Negative aspects of self-regulation are revealed. In the author’s opinion, a balanced combination of state regulation, self-regulation and co-regulation is needed for increasing socio-economic efficiency of insurance activity.

Keywords

• insurance activity regulation
• functions of state regulation
• self-regulation and co-regulation
• principles of combining different regulation types