Chugunov, D. A. Peculiarities and Legislative Problems of Regulating Deals of Securization of Insurable Assets in Russia

Abstract: Under conditions of developing markets and constant competition, it is becoming more and more important to increase the liquidity of insurance market participants through using innovative reinsurance methods. Western insurance market successful uses such a perspective and innovative method of refinancing as securization. In Russia, companies often face the absence of a special legal base and law-enforcement practice on this matter, which leads to the market inactivity in implementing new instruments of raising assets liquidity. The faster the insurance market starts to use the given refinancing method and thus trigger the processes of changing the legal base, the more successful particular economic entities and the market in general will become.

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