Abstract
The article examines the prospects for the application of financial innovations in the reinsurance protection system in Russia, taking into account global experience. The growing need to modernize the Russian reinsurance market in the context of financial globalization and increased external constraints is noted. The characteristics of the current state of the national reinsurance system are analyzed, key problems and imbalances are identified. It is shown that traditional forms of reinsurance do not reduce systemic risks in the industry, and dependence on foreign capacity is vulnerable to sanctions pressure. The successful experience of developed countries in using innovative reinsurance tools is considered. A set of measures is proposed for the introduction of financial innovations in Russia through the infrastructural reform of the reinsurance system and the establishment of international cooperation. It is concluded that financial innovations have high potential for increasing the sustainability and competitiveness of the Russian insurance sector.
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