REINSURANCE AS AN INSTRUMENT TO IMPROVE THE FINANCIAL STABILITY OF THE INSURANCE COMPANY

Recently, due to the system transformation of the insurance market, reinsurance is considered to be the most effective method of risk redistribution and increase of financial stability of the insurer. The state is currently experiencing difficulties in reimbursing uninsured losses due to a deficit in the state budget in the face of a protracted economic crisis. In this regard, the role of insurance in compensation for losses from catastrophic risks increases.