Elena Mali Borisovna*
PhD in Economics, ACCA DipIFR rus, Head Of Department Of Business Accounting And
Finance, Logistics And Management, Polotsk State University, Belarus, Email: e.malei@psu.by,
ORCID: 0000-0002-5331-0032
Abstract: This article provides the basis for the establishment and evaluation of an internal control system in order to ensure
the effective management of insurance companies and data transparency.
Also, the three-stage model-analysis methodology used in the internal control
system to assess the financial stability of financial institutions, increase the
transparency of financial statements and the impact on it, the risk assessment factors of
the internal control system organized by regions, SWOT- Through the analysis, the
internal control system of insurance companies was studied and the possibilities
were shown.