Analysis of the present state and development trends in insurance activities in the Republic of Bashkortostan
The current stage of social and economic development of the Republic of Bashkortostan, the established tendencies and practice of applying insurance mechanisms in ensuring regional secu-rity and solving social and economic problems put new goals and tasks before the insurance sphere. Undoubtedly, declaring the indispensability of insurance instruments in ensuring regional security, one should also note the essential role of insurance in ensuring the regional reproduction process and the formation of the investment potential of the republic. Participants of the regional insurance market are important elements of an integrated system of entities that serve the repro-duction process in the Republic of Bashkortostan, including the production, distribution, exchange and consumption of goods and services. The expansion of the insurance market is one of the indicators of development of market relations in the country. Insurance is considered as an effec-tive form of ensuring the protection of victims in emergency situations, disasters, accidents, and accidents.At the same time, it should be noted that the prospects for the development of the regional market for insurance services in the Republic of Bashkortostan depend on many factors: the exist-ence of favorable conditions for the use of insurance mechanisms to protect the property interests of citizens, economic entities and municipalities, natural and climatic and technogenic conditions, the current structure of economic complex, the development of financial and banking system, culture and traditions, the level of urbanization and the quality of rail situ population and others.Justifying the significance of the development of the insurance services market in the Republic of Bashkortostan that meets the requirements of the natural and climatic, socio-economic condi-tions and peculiarities of certain municipalities of the country, it is necessary to clearly define the priority directions of development of insurance activity, the formation of favorable conditions for expanding the scope of application of insurance instruments in the framework of ensuring a stable social-economic development of the republic. Effective functioning of the regional insurance market will ensure a stable and accelerated economic development of the republic as a whole, will remove the additional burden from the budget of the Republic of Bashkortostan and the budgets of municipalities