Topical issues of insurance regulation in Russia and the ways to improve its effectiveness
<b>Importance</b> The paper focuses on the issues of regulation of the insurance market, the optimal approaches and methods as well as the degree of government involvement. <br></br> <b>Objectives</b> The aim of this article is to study and identify methods and models of regulation of the Russian insurance market used in foreign and Russian practices. <br></br> <b>Methods</b> The main research methods of the work are comparison, analogy, economic analysis, scientific abstraction, statistical methods, modeling, and the systems approach. <br></br> <b>Results</b> In this study, I clarified the concepts of <i>insurance regulation</i> and <i>insurance supervision</i>. I also present international best practices in the field of commercial insurance, carry out a comparative analysis of the methods of State regulation and self-regulation. Consequently, I propose a model of two-level system of insurance regulation. <br></br> <b>Relevance</b> Having identified the problems and matters of the Russian system of insurance regulation, I propose certain activities to improve its efficiency.