FEATURES OF RISK MANAGEMENT OF THE REGIONAL INSURANCE COMPANY
The modern insurance market is characterized by a negative trend of reduction of companies-participants of the market. This situation is associated with a number of factors: crisis phenomena in the economy, a decrease in solvent demand, increased risks, growth of unprofitability of the insurance sector, regulatory work of the state with the aim of leaving insolvent insurers from the market. According to experts, further reduction of insurance organizations will occur due to the exit of regional insurance companies from the market. The concept of risk-based supervision developed by the Central Bank of Russia increases the importance of the risk management system for insurance organizations. The state's goal is to minimize the risk of insolvency of insurers on the financial market. In these conditions, the question arises of the survival of regional insurance companies that do not have large budgets, but who face even larger number of risks in their entrepreneurial activities. The article reveals the risks of regional insurers taking into account the specifics of their manifestation, as well as the specific features of risk management of regional insurance companies. The reference points that should be included in the system of risk management of the insurance organization at the present stage are determined. Particular attention is paid to insurance risk, strategic risk, regulatory risk, operational risk