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The article reveals features and tendencies of development of the Russian insurance market, indicators of development of the insurance market of Russia are analyzed. In the article the question of the directions of efficiency of the insurance market functioning in the Russian Federation is raised, special attention is paid to institutional bases of the insurance market. The authors of the article formulate the main objectives on the development of insurance business in the Russian Federation at the present stage.doaj:4e19fd89b44f4de0a913aaabee98c773 fatcat:tvgptefqframvmfwnrtl2mfsle