Abstract:

Insurance is not only one of the most important segment of the global economy, but also the most popular and effective risk management mechanism. The transition from the strategy of protecting physical assets to the strategy of creating a cost of capital determined the priority position of insurance in a series of risk management systems. The convergence processes in the regional insurance markets eliminate the differences in approaches to the regulation of insurance economic relations, financial control of insurance business entities, and the organization of business processes.  The article considers the phenomenon of convergence as a factor in the development of the Russian insurance market, the pace of development of which lags behind the pace of development of the world insurance market. The purpose of this article is to identify the possibility of using innovative technology for leveling managerial dysfunctions in the development of the Russian insurance market based on a conflict-compromise methodology. The innovative nature of the research is determined by applying the author's approach to making management decisions in the paradigm of conflict-compromise methodology.