ESSENCE AND STRUCTURE OF THE INSURANCE COMPANIES CAPITAL

In this article the author considered theoretical approaches of the essence of the capital of the insurance companies, the comparative analysis of the definitions of various scientists and formed the essence of the author's vision of the capital. The author described the individual components of the capital, as well as analyzed the dynamics and structure of the capital of insurance companies in Ukraine. Structure of the capital among Ukrainian insurers mostly is: equity (60%), debt capital (20%) and borrowed capital (20%). It should be noted a small share of debt capital that indicates a small size of formed insurance reserves, and, thus, a small amount of insurers' activity in Ukraine, while the share of borrowed capital is too high. A similar trend indicates underdevelopment of the Ukrainian insurance market and insurers failing in protecting the population and economic entities of the occurrence of unexpected and risky events. In such circumstances, insurers should increase the volume of its activity by further growth in the number of insurance contracts and received insurance premiums.