“…Analysis recent research and publications. Theoretical and methodological bases of functioning of the market of insurance services and organization of activity of insurance companies on it, the study of issues of the current state of the insurance market, the nature and role of insurance, prospects for further development, devoted to the work of such domestic and foreign scientists and practitioners as: Sibirskaya, E., Khokhlova, O., Oveshnikova, L., Tulinova, E. [1], Tikhomirov, N., Tikhomirova, T., Khamitov, E., Ponomarev, V. [2], and other scientists who fruitfully work on the solution of economic, financial and public administrations of the insurance market. In paying due attention to the existing developments and not diminishing their importance, attention should be paid to assessing trends and problems of functioning of the world and domestic insurance services market in the context of changing the paradigm of its development, as well as outlining ways to unify domestic practice of insurance business with international in order to maintain its competitiveness financial environment.…”