DEVELOPMENT OF PERSONAL INSURANCE IN THE CONTEXT OF INCREASING SOCIO-ECONOMIC RISKS

Abstract

This article examines the importance of the development of personal insurance and its role in the economy in the context of increasing socio-economic risks. Personal insurance is an important tool for ensuring the financial security of citizens and is necessary to mitigate the consequences of socio-economic risks, such as illness, disability, death and other emergencies. The article presents scientific approaches and practical recommendations to improve the effectiveness of the personal insurance system and enhance its contribution to socio-economic stability. In particular, innovative approaches to improving the social insurance system, developing new insurance products and expanding insurance services to the population are considered.