eng Oriental Scientific Publishing Company Biosciences Biotechnology Research Asia 0973-1245 2016-06-14 11 Spl.Edn.2 297 300 10.13005/bbra/1478 12436 article Kermen Antonovna Naminova 1 Kalmyk State University, Republik Kalmykia, g.Elista, st. Pushkina, 11, Russia Ecological insurance is an effective tool of state policy regulation, as it is shown in the article. Several problems set barriers for its effective development. The main problems are listed in the article. Development of regional ecological insurance system that is almost absent now is pressing task. Development of the system of ecological insurance of Kalmykia will promote sustainable development of economy of the region. https://www.biotech-asia.org/vol11_nospl_edn2/the-role-of-ecological-insurance-in-sustainable-development-of-the-republic-of-kalmykia/ Sustainable development Insurance ecological insurance Insurer insurance money insured event insurance loss