THE MAIN TRENDS OF THE INSURANCE MARKET DEVELOPMENT UNDER CONDITIONS OF ECONOMIC INSTABILITY IN KAZAKHSTAN
Journal Title: Journal L`Association 1901 SEPIKE - Year 2018, Vol 2, Issue 3
Abstract
The problem of the insurance market regulation is one of the most relevant in the theory and practice of modern domestic insurance. The importance of its research is related to the fact that this system has not yet been completely formed as an object of state regulation: the state of the insurance market is changing; there is a constant improvement in the insurance regulatory base, and changes are occurring in the activities of state regulatory bodies. The theoretical aspects of the insurance market functioning are the sphere of scientific interests of many scientists and practitioners. There are various approaches and views on the nature and role of the insurance market in the economy, as well as the need and possibility of state regulation of this composite financial market (Kolomina et al, 2010; Bland, 2008; Rechman & Meskon, 2010). Kazakh scientists have also made a great contribution to the study and research of the functioning of the insurance market (Zhuyrikov, 2012; Iskakov et al, 2005; Mayanlaeva, 2008). Relations in the insurance industry is an important segment of the financial services market, and therefore require appropriate economic and administrative regulatory support for the long term. Due to its high socioeconomic significance, insurance should be the object of close attention of our state. For the implementation of these actions in the insurance industry, sufficient theoretical and practical research is needed.
Authors and Affiliations
Lyazzat SEMBIYEVA
Keywords
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