Dendiberya Maxim Yu.

The study analyses the regional insurance market of the Khabarovsk Kray. Nowadays there is a significant contracting trend among insurance companies due to modern economic conditions in the country as well as negative trends of local insurance markets development because of both low financial capacity and gross loss of insurance activity. It puts some preconditions for complete abolishment of local insurance companies and “federalization” of regional insurance markets negatively effecting the quality and quantity of insurance services and products provided. The paper aims at analysing the regional insurance market of the Khabarovsk Kray and evaluating its future-to-be development. The study underlines how insurance markets and insurance relationship are important for the regional economy due to its compensating function lessening losses of risky activities. It is worth saying that advanced national economies explore their insurance companies as large investors making them partners of significant investment projects. To minimize the negative trend it is, firstly, necessary to determine factors having a minus effect on both the insurance activity and the demand for insurance services by individuals and legal entities. Considering perspectives of the Khabarovsk Kray insurance market development one should keep in mind its geo-economic position, its transboundary relations with one of the largest economies in the world - China, in particular. The research results are of great value to develop a regional strategy for the insurance market to meet the demand of the population and businesses in qualified insurance services and products.

The paper examines manifestations of tort risk in the insurance fi Performing their functions insurance companies should consider such factors as the declining number of national insurers, limited foreign investors, and current government policies aimed at decriminalizing economic relations, eliminating unscrupulous (criminal) elements from the insurance system. The research aims at developing a model of goal-setting and decision-making in managing tort risk in the insurance fi The article emphasizes the critical importance of risk management in minimizing the impact of tort risk, as well as the potential for negative synergies from its cumulative effect with other risks inherent in insurance activities. The paper offers a block approach to insurance companies to assist them in their risk management. By starting the processes simultaneously the approach will, on the one hand, coordinate the insurance company’s operation with the risk management concepts, and on the other hand, it will identify “problem areas” potentially having negative consequences due to torts.