Investment risk insurance in the Republic of Belarus
DOI: 10.34130/2070-4992-2020-4-128
Arabey N. I. — PhD student, Belarusian state Economic University, Minsk, Republic of Belarus, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Gerasenko V. P. — Doctor of Economics, Professor of the Department of Finance, Belarusian State Economic University, Minsk, Republic of Belarus, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
The article examines the development of the insurance market of the Republic of Belarus, its impact on the economic growth of the national economy. The aim of the study is to develop the main provisions of investment risk insurance as an effective component of state investment policy. Particular attention in the article is paid to the current state of the insurance market of the Republic of Belarus, which makes it possible to determine the key directions of the strategic development of the insurance market. A study of the mechanism of insurance of investment risks in the Republic of Belarus was carried out. The modern economy, which is in an increasingly competitive environment, is characterized by the accelerated development of financial institutions, which leads to an increase in investment for the purpose of stable operation and development of the organization, creation of new types of products, diversification of assets, and additional income. Investment activity is accompanied by a fairly large number of different risks, which can be minimized with the help of insurance. Insurance allows you to anticipate possible benefits in the future when investing. The modern insurance system is a set of measures aimed at reducing the likelihood of a risk or compensation for the consequences of its implementation. Insurance is an important tool for risk management and investment protection. Insurance of investment risks will allow an investor to assess risks, avoid mistakes when investing, and get the maximum level of return on invested capital. This, in turn, will allow solving the problem of increasing the investment attractiveness of the Republic of Belarus by strengthening the security of organizations, forming long-term resources for the economy, as well as creating conditions for the inflow of foreign capital. Based on the analysis of statistical data, the problems of the development of insurance of investment risks were identified and directions were proposed for the formation of an effective insurance system in the Republic of Belarus (creation of state guarantee insurance funds for insurance of investment risks, the introduction of compulsory insurance of socially significant investment projects in the Republic of Belarus).
Keywords: insurance, investments, risks, insurance market, participants of the insurance market.
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For citation: Arabey N. I., Gerasenko V.P. Investment risk insurance in the Republic of Belarus // Corporate Governance and Innovative Economic Development of the North: Bulletin of Research Center of Corporate Law, Management and Venture Investment of Syktyvkar State University. 2020. No. 4. Р. 128–135. DOI: 10.34130/2070- 4992-2020-4-128