“…These risks are associated with financial losses (for example, related to financial crises), inefficient investment (changes in the interest rate on securities), a high probability of losses, for example, due to fluctuations in the value of assets, and cumulative accumulation. The interpretation of the concept of financial security has been considered by many authors (Sushkova, 2019;But 2018;Vasilev, 2016;Eremeychuk and Mashyanova, 2016;Lobanov, 2018Lobanov, , 2019Kozmenko and Ruban, 2014;Saenko et al, 2019;Prodanova et al, 2017;Bovsunovska, 2017;Trofimova et al, 2019;Yemelyanov et al, 2018;Bisultanova et al, 2018;Popova et al, 2017;Boboshko, 2017;Michailova et al, 2017;Masood et al, 2019;Vigliarolo, 2020;Chehabeddine, Tvaronavičienė, 2020) Risks of insurance companies can be considered in various areas of activity, but since the scientific literature still does not address the issue of an internal control algorithm for assessing the financial security of an insurance…”