Regulation of the insurance industry in the Russian Federation: current state and prospects of development

The article discusses the content and current trends in the regulation of the insurance industry in the Russian Federation. The features of the application of Western experience in the Russian market are analyzed. The necessity of the participation of all stakeholders in ensuring the effective regulation of the insurance market is substantiated. The author comes to the conclusion that the current system for regulating the insurance market requires some refinement, and the implementation of Bank of Russia initiatives can contribute to the development of the Russian insurance market only with the active participation of all interested parties.