International Insurance Market in the Conditions of Globalization: Structure of the Insurance Services Market in the Russian Federation

In modern conditions, the danger of harmful results of all kinds of adverse circumstances related to the development of scientific and technological progress and the increased risk of losses related to entrepreneurial activity is growing, the value of the financial relations industry, namely insurance, is significantly increasing. Insurance is designed to protect the interests of legal entities and citizens in the event of any kind of harm due to the influence of adverse factors that are objective in nature. At the current stage of the progress of market relations in addition to the traditional purpose of insurance a new one is being fixed: insurance of such objects as property interests related to compensation of property or person damage caused by the insured. It is through insurance that a person fulfills his most important need - the need for security. As a result of this, the functioning of such an element of the financial market as the insurance services market acquires specific relevance. The methodological basis of the research is the methods of system analysis, comparison and analogy, logical and semantic modeling. These methods are used as a theoretical basis in the works of domestic and foreign scientists in the planning and analysis insurance services Sources of information are economic and other special literature, articles from periodicals, research results and experience of leading foreign companies. The results of this study are the conclusions based on the assessment of the dynamics of the insurance services in the Russian Federation.