IN CONDITIONS OF ECONOMIC CRISIS

Abstract

In the conditions of an economic crisis financial possibilities of system of social protection decrease. The

quantity of the citizens, needing protection against various risks, grows together with increase in number of the poor.

One of elements of system of the social protection, alternative to the state social insurance and social security, commercial

insurance is. Thus such insurance is inaccessible to the majority of needy citizens because of high cost of

insurance products and the conditions of contracts of insurance, often focused on more well-founded clients. The

possible decision of the given problem is development of the insurance market at the expense of increase in scales of

activity of societies of a mutual insurance, and also the offer of microinsurance products. Development of the insurance

products focused on poor, will allow to lower loading on the state budget at the expense of attraction of new

resources in system of social protection of the population.