PROBLEMS OF PUBLIC-PRIVATE PARTNERSHIP IN THE INSURANCE SECTOR AND SOLUTIONS

Abstract

Government financial constraints, exacerbated by the need to address complex social issues, make public-private partnerships (PPPs) not only a relevant but also a strategically important tool for Russia's economic development. The effective use of private capital and innovative technologies within PPPs ensures the optimization of budget expenditures and the resolution of pressing social issues. The integration of insurance mechanisms plays a special role in this regard, not only rationalizing the distribution of financial risks but also stimulating the development and implementation of innovative insurance products aimed at improving the quality of life of the population and enhancing the effectiveness of government programs. However, the implementation of PPPs in the insurance sector faces a number of limitations and challenges. Therefore, the authors defined the purpose of the study as studying the problems of public-private partnerships in the insurance sector and developing recommendations for their solution. To achieve this goal, methods of systemic and logical analysis, as well as generally accepted methods of scientific research and cognition, were used. The conclusion is that PPPs in the insurance sector are most effective where there is clear risk sharing, a transparent regulatory environment, and stable government support without excessive budget dependence. At the same time, to achieve planned socioeconomic goals, the development of PPPs requires an integrated approach.