Kovalenko D. Development of prudential regulation of the insurance market in Ukraine

In the dissertation the theoretical bases of prudential regulation are developed and the terminological apparatus of both directions of research is systematized. It is proposed to study the prudential regulation of the insurance market from the standpoint of the institutional approach. The author proposes to interpret the prudential regulation of the insurance market as a set of actions of the regulator to identify systemic risks of the environment and develop measures to neutralize the effects of risks, protect the interests of policyholders. The methodical tools of prudential regulation of the insurance market are offered in the work. The author summarized the world experience of prudential regulation. The paper presents the standards of solvency and financial stability for insurance companies. Solvency standards are tools for prudential regulation of insurance companies. The paper presents an adaptive integrated system of prudential regulation of the insurance market, which includes constituent elements, principles, functions, subsystems of risk identification and implementation of a set of preventive measures. This will minimize the impact of identified threats. Peculiarities of formation and development of the insurance market of Ukraine were characterized.