Summary: The article defines the essence of the investment activities of insurance companies. The peculiarities of the investment activity of insurance companies. Substantiates the basic problems of investment activity of insurance companies and offered possible solutions. The contribution of the insurance sector in the formation of investment resources. Directions of perfection of state regulation of investment activity of insurance companies in Ukraine.

Key words: investment, investment activities, insurance companies, financial intermediaries, insurance investment activity, own and borrowed funds.