METHODICAL APPROACHES FOR ASSESSING THE FINANCIAL STABILITY OF INSURANCE COMPANIES
Abstract. The article summarizes arguments and counterarguments within the framework of a scientific discussion concerning the methodological ensuring for assessing the financial stability of insurance companies. The main purpose of the conducted study is indexes arrangement by which it is possible...
Saved in:
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
FINTECH Alliance LLC
2021-06-01
|
| Series: | Фінансово-кредитна діяльність: проблеми теорії та практики |
| Subjects: | |
| Online Access: | https://fkd.net.ua/index.php/fkd/article/view/3272 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850158185882583040 |
|---|---|
| author | I. Abernikhina O. Toporkova І. Sokyrynska L. Shylo |
| author_facet | I. Abernikhina O. Toporkova І. Sokyrynska L. Shylo |
| author_sort | I. Abernikhina |
| collection | DOAJ |
| description |
Abstract. The article summarizes arguments and counterarguments within the framework of a scientific discussion concerning the methodological ensuring for assessing the financial stability of insurance companies. The main purpose of the conducted study is indexes arrangement by which it is possible to assess the financial stability of an insurance company in accordance with the criteria (factors, sources) of its ensuring. Systematization of literary sources and approaches for solving the problem in managing the financial stability of an insurance company to ensure its stable development has shown that this issue remains unresolved to the full extent and requires detailing and indexes arrangement that can be used to assess the financial stability and determine its level.
Actuality in solution of this scientific problem lies in the fact that financial stability of insurance companies is an important precondition for their survival in modern conditions, a factor of providing the insurance protection and maintaining the achieved standard of living of the population, full and timely performance of insurance obligations, effective and competitive functioning of the insurer in the future. In the article studies on the management of the financial stability of an insurance company on the basis of indexes arrangement of its assessment are performed in the following logical sequence: characteristic of the main tendencies in the development of the insurance market of Ukraine in recent years is outlined; the necessity of management of the financial stability of insurance companies is grounded in order to ensure their sustainable economic development; approaches to the definition in the essence of the financial stability of an insurance company are considered and the definition by Ukrainian researcher
N. V. Tkachenko is adopted as the basis. On the basis of the analysis of recent scientific publications, theoretical and methodological developments by modern researchers, the authors of the article selected six groups of criteria for ensuring the financial stability, according to which the ratios for assessing the financial stability of insurance companies of these participants in financial markets are systematized and methodologically substantiated.
The results of the research can be useful for managers and staff of insurance organizations, government oversight of insurance activities, teachers of economic specialties.
Keywords: financial stability, insurance company, methodological approaches, assessment of financial stability.
JEL Classification C1, G22, O16
Formulas: 0; fig.: 0; tabl.: 5; bibl.: 20.
|
| format | Article |
| id | doaj-art-2b59102d417c453f9fc6b0c87aebd7c5 |
| institution | OA Journals |
| issn | 2306-4994 2310-8770 |
| language | English |
| publishDate | 2021-06-01 |
| publisher | FINTECH Alliance LLC |
| record_format | Article |
| series | Фінансово-кредитна діяльність: проблеми теорії та практики |
| spelling | doaj-art-2b59102d417c453f9fc6b0c87aebd7c52025-08-20T02:23:57ZengFINTECH Alliance LLCФінансово-кредитна діяльність: проблеми теорії та практики2306-49942310-87702021-06-0133810.18371/fcaptp.v3i38.237437METHODICAL APPROACHES FOR ASSESSING THE FINANCIAL STABILITY OF INSURANCE COMPANIESI. Abernikhina0O. Toporkova1І. Sokyrynska2L. Shylo3National Metallurgical academy of Ukraine Dnipro National University of Railway Transport named after Academician V. LazaryanNational Metallurgical academy of Ukraine Dnipro National University of Railway Transport named after Academician V. Lazaryan Abstract. The article summarizes arguments and counterarguments within the framework of a scientific discussion concerning the methodological ensuring for assessing the financial stability of insurance companies. The main purpose of the conducted study is indexes arrangement by which it is possible to assess the financial stability of an insurance company in accordance with the criteria (factors, sources) of its ensuring. Systematization of literary sources and approaches for solving the problem in managing the financial stability of an insurance company to ensure its stable development has shown that this issue remains unresolved to the full extent and requires detailing and indexes arrangement that can be used to assess the financial stability and determine its level. Actuality in solution of this scientific problem lies in the fact that financial stability of insurance companies is an important precondition for their survival in modern conditions, a factor of providing the insurance protection and maintaining the achieved standard of living of the population, full and timely performance of insurance obligations, effective and competitive functioning of the insurer in the future. In the article studies on the management of the financial stability of an insurance company on the basis of indexes arrangement of its assessment are performed in the following logical sequence: characteristic of the main tendencies in the development of the insurance market of Ukraine in recent years is outlined; the necessity of management of the financial stability of insurance companies is grounded in order to ensure their sustainable economic development; approaches to the definition in the essence of the financial stability of an insurance company are considered and the definition by Ukrainian researcher N. V. Tkachenko is adopted as the basis. On the basis of the analysis of recent scientific publications, theoretical and methodological developments by modern researchers, the authors of the article selected six groups of criteria for ensuring the financial stability, according to which the ratios for assessing the financial stability of insurance companies of these participants in financial markets are systematized and methodologically substantiated. The results of the research can be useful for managers and staff of insurance organizations, government oversight of insurance activities, teachers of economic specialties. Keywords: financial stability, insurance company, methodological approaches, assessment of financial stability. JEL Classification C1, G22, O16 Formulas: 0; fig.: 0; tabl.: 5; bibl.: 20. https://fkd.net.ua/index.php/fkd/article/view/3272financial stabilityinsurance companymethodological approachesassessment of financial stability |
| spellingShingle | I. Abernikhina O. Toporkova І. Sokyrynska L. Shylo METHODICAL APPROACHES FOR ASSESSING THE FINANCIAL STABILITY OF INSURANCE COMPANIES Фінансово-кредитна діяльність: проблеми теорії та практики financial stability insurance company methodological approaches assessment of financial stability |
| title | METHODICAL APPROACHES FOR ASSESSING THE FINANCIAL STABILITY OF INSURANCE COMPANIES |
| title_full | METHODICAL APPROACHES FOR ASSESSING THE FINANCIAL STABILITY OF INSURANCE COMPANIES |
| title_fullStr | METHODICAL APPROACHES FOR ASSESSING THE FINANCIAL STABILITY OF INSURANCE COMPANIES |
| title_full_unstemmed | METHODICAL APPROACHES FOR ASSESSING THE FINANCIAL STABILITY OF INSURANCE COMPANIES |
| title_short | METHODICAL APPROACHES FOR ASSESSING THE FINANCIAL STABILITY OF INSURANCE COMPANIES |
| title_sort | methodical approaches for assessing the financial stability of insurance companies |
| topic | financial stability insurance company methodological approaches assessment of financial stability |
| url | https://fkd.net.ua/index.php/fkd/article/view/3272 |
| work_keys_str_mv | AT iabernikhina methodicalapproachesforassessingthefinancialstabilityofinsurancecompanies AT otoporkova methodicalapproachesforassessingthefinancialstabilityofinsurancecompanies AT ísokyrynska methodicalapproachesforassessingthefinancialstabilityofinsurancecompanies AT lshylo methodicalapproachesforassessingthefinancialstabilityofinsurancecompanies |