Abstract:

Insurance is the most important institution of financial protection and a significant investment resource, but its role in the modern economy is underestimated, which is especially evident in regions with a low level of socio-economic development. The relevance of the article is due to the fact that it identifies and analyzes all-Russian and regional factors in the development of the insurance market, the management of which will contribute to the development of both the regional insurance market and the region itself. The article contains a developed algorithm for improving the efficiency of the insurance market and the region through the management of stimulating and restraining factors. The proposed algorithm can be used for any region of Russia, taking into account the peculiarities of its geographical and economic development. The study used the deduction method, statistical methods, functional analysis, modeling. The results of the work can be used to develop and implement national and regional strategies for socio-economic development, including through insurance, as well as to develop and adjust methods of state regulation of the Russian insurance market.