Abstract
The insurance market of Ukraine is the second large in terms of capitalization among non-bank financial markets in Ukraine. The purpose of the study is the development of theoretical and methodological provisions and practical tools for assessing the insurance market financial stability. The financial stability of the insurance market is a dynamic characteristic of its functioning. It involves the ability of the market to reach the main goals of its development and ensure a sufficient risk coverage of economic entities and an effective system of redistribution of insurance risks. The regulator continues liquidation of insurance companies that do not provide any insurance activity. These measures have a positive effect on the financial stability of the insurance market of Ukraine in the long-term perspective. The level of financial stability of the insurance market is a complex con-cept and requires a comprehensive assessment. In the study, the structure of the integral indicator for assessing the financial stability of the insurance market includes such indicators as: the share of the most liquid and safe eligible assets, insurance reserves, the level of insurance payments, the volume of premiums be-longing to nonresident reinsurers. During the analyzed period, the value of the indicator reached its maximum in the III quarter of 2022, which indicates the highest level of financial stability of the insurance market of Ukraine during the analyzed period. In the 1st quarter of 2022, there was a noticeable failure of the financial stability of the insurance market of Ukraine, which relates to the conduct of economic activity in the conditions of the first shock since the beginning of the war in Ukraine. During the analyzed period, there was a tendency to increase the value of the integral indicator of the level of financial stability of the insurance market of Ukraine, which is a positive trend. Thus, the use of an integral indicator of assessing makes it possible to obtain a comprehensive description of the insurance market financial stability at a specific moment in time to identify points of the financial stability improvement.
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