1. An important aspect of achieving financial sustainability is the insurer's investment activity. The best way to place insurance reserves is to make an investment strategy

1. An important aspect of achieving financial sustainability is the insurer's investment activity. The best way to place insurance reserves is to make an investment strategy. In countries with a well- developed market economy and strong competition, insurance companies are not aiming to receive large profits from insurance activities. The main task of insurance companies is to maximize the insurers and as a result of the collected insurance premiums in order to invest. And in this regard, the insurance company is a participant in the investment process and is forced to know all the subtleties of its market. This is the other side of the investment market, where insurers can act not as investors but as subjects of the insurance market, that is, to insure investment risks for the development and strengthening of investors' positions. This aspect of insurance management is important to consider as an extension of the sphere of influence on the insurance market. Investment activities of insurers

• 1. An important aspect of achieving financial sustainability is the insurer's investment activity. The best way to place insurance reserves is to make an investment strategy. In countries with a well- developed market economy and strong competition, insurance companies are not aiming to receive large profits from insurance activities. The main task of insurance companies is to maximize the insurers and as a result of the collected insurance premiums in order to invest. And in this regard, the insurance company is a participant in the investment process and is forced to know all the subtleties of its market. This is the other side of the investment market, where insurers can act not as investors but as subjects of the insurance market, that is, to insure investment risks for the development and strengthening of investors' positions. This aspect of insurance management is important to consider as an extension of the sphere of influence on the insurance market. Investment activities of insurers

The freedom of action of the insurer in the field of investment and financial activities is directly related to the source of funds used for investing. The insurer has at its disposal two groups of funds: 1) own funds in the form of authorized capital (capital), special and reserve (excluding insurance) funds, free reserves, retained earnings; 2) attracted funds in the form of insurance reserves. Investment activities of insurers

• The freedom of action of the insurer in the field of investment and financial activities is directly related to the source of funds used for investing. The insurer has at its disposal two groups of funds: 1) own funds in the form of authorized capital (capital), special and reserve (excluding insurance) funds, free reserves, retained earnings; 2) attracted funds in the form of insurance reserves. Investment activities of insurers

2. The investment of funds belonging to the first group is carried out by the insurer in accordance with the defined business development plan. Particular attention deserves the formation of an authorized fund of insurers. In particular, the Law of Ukraine "On Insurance" requires the formation of an authorized fund of a newly established insurer or an increase in the authorized fund of an existing insurer at the expense of contributions only in cash. The only exception to this rule is contributions to the statutory fund of the insurer in the form of government securities. The law permits such contributions within the limits of 25% of the total authorized capital stock. Thus, it refers to the indirect incentive to form up to 25% of the authorized capital at the expense of government securities. Restrictions on the total amount of the insurer's contributions to the statutory funds of other insurers of Ukraine (no more than 30% of its own authorized capital, including a contribution to the statutory fund of a separate insurer - no more than 10%) means regulation of financial investments into corporate rights.

• 2. The investment of funds belonging to the first group is carried out by the insurer in accordance with the defined business development plan. Particular attention deserves the formation of an authorized fund of insurers. In particular, the Law of Ukraine "On Insurance" requires the formation of an authorized fund of a newly established insurer or an increase in the authorized fund of an existing insurer at the expense of contributions only in cash. The only exception to this rule is contributions to the statutory fund of the insurer in the form of government securities. The law permits such contributions within the limits of 25% of the total authorized capital stock. Thus, it refers to the indirect incentive to form up to 25% of the authorized capital at the expense of government securities. Restrictions on the total amount of the insurer's contributions to the statutory funds of other insurers of Ukraine (no more than 30% of its own authorized capital, including a contribution to the statutory fund of a separate insurer - no more than 10%) means regulation of financial investments into corporate rights.