THE ROLE OF INSURANCE IN ENSURING THE FINANCIAL SECURITY OF THE STATE IN THE CONDITIONS OF THE COVID-19 PANDEMIC

Анотація

Identification of the main problems in ensuring the financial security of the state is based on a comprehensive analysis and identification of factors influencing the level of protection of the national financial system. The complexity of building the financial system itself during the global pandemic has become much more complicated, but there is a need to review each of its integral parts to objectively assess the overall level of security. Determining the level of financial security is carried out using an integrated index of financial security, which is the sum of integrated indices of certain areas of the budget of financial activities, debt, monetary base, currency, insurance, stocks, banking, investment. The insurance market is one of the key indicators of the level of financial security of the state and its citizens. The insurance market is one of the most important components of the financial sector of the economy. Without a well-developed infrastructure of the insurance market, it is impossible to ensure the progressive socio-economic development of the state. The article summarizes the shortcomings inherent in public financial control at the present stage of its development in the field of insurance. The article analyzes the dynamics of the main indicators of the state of development of the insurance market of Ukraine, identified factors influencing its level of financial security and identified areas for achieving a satisfactory state of financial security of the domestic insurance market. The list of modern threats to the normal operation of domestic insurance companies is determined, their division into internal and external according to the nature of their origin. Statistics on individual parameters that characterize the insurance market are presented. The importance of economic security of insurance companies for the financial, economic and national security of the state is substantiated. The authors of the article identified the factors influencing the state of public financial control in Ukraine and identified areas for improving public financial control in the context of financial security of the state and the insurance market in the COVID-19 pandemic. The article substantiates that the conditions for attracting investment and a safe environment in Ukraine have not yet been formed. The system of indicators and criteria for assessing the level of security of the investment environment should be expanded.

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