RISK MANAGEMENT OF THE SOCIO-ECONOMIC SYSTEM AND INSURANCE AS A STABILITY INSTRUMENT

Social risks such as age, inability, disability, poor health, insufficient health care and other costs that can cripple the normal lives of citizens are the dangers that care should be taken to the entire society at the level of the state system. Stability of the society is based on the satisfaction and security of each member and takes care of the dangers of social character across the various levels of satisfying the needs in terms of meeting the living conditions. Various security and protection processes are trying to achieve the normal living conditions for every citizen. Economic security and the standard of citizens are largely dependent on compulsory social security, with a tendency to expand voluntariness and private equity, to protect the various dangers covered by a pension, health insurance, and unemployment insurance systems. Theoretically, analytically and empirically in this paper, we prove the importance of the pension system for the economic stability of each member of the society.