Bila D. Regulation of the activity of insurance companies in Ukraine

The methodological principles of the definition of systemically important insurance companies in Ukraine are developed including the identification of systemically important insurance companies on the basis of the integrated index of the average index of systemic importance, which is determined by summing the normalized values of indicators forming the categories: size, interconnection, non-insurance activities. The conceptual-categorical apparatus of state regulation is specified. The classification of instruments for regulating the activities of insurance companies has been improved on the basis of means of influence. The principles of state regulation of the activity of insurance companies are disclosed specifically for the essential interpretation and their grouping is carried out on the basis of separation of the basic and complementary principles. The theoretical model of regulation of activity of insurance institutions is developed. Methodical approaches are substantiated to improve information transparency of activity of insurance companies. The experience is generalized and systematized of formation and implementation of methods regulating the activity of insurance companies in developed and emerging economies. A phased transformation of state regulation of the activity of insurance companies is proposed, which includes the elimination of regulatory gaps and the transition to regulatory consolidation with institutional reform of the model of state regulation of the insurance market.