Open AccessImplementation of internal control measures to improve the financial stability of insurance companies
Author(s) -
А. В. Иванов
Publication year - 2020
Publication title -
russian journal of management
Language(s) - English
Resource type - Journals
eISSN - 2500-1469
pISSN - 2409-6024
DOI - 10.29039/2409-6024-2020-8-3-91-95
Subject(s) - business , control (management) , investment (military) , finance , element (criminal law) , financial stability , insurance industry , financial sector , national economy , financial system , economics , actuarial science , economic system , political science , management , politics , law
Insurance is an important element of the functioning of the infrastructure of market relations in any industrially developed country. The activity of insurance companies abroad allows accumulating huge financial resources. This contributes to the fact that the insurance sector begins to compete fiercely with the banking sector, investment and mutual funds, and also has a significant impact on the economy of the state, acting as a major investor in the national economy. Currently, the insurance industry in Russia is actively developing. Therefore, at the present stage of economic development, organization and control issues, in particular internal control, play an important role in the activities of companies.