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Ensuring the Financial Stability of Insurance Companies

Author

Listed:
  • Anton Hrytsenko

    (National Academy of Management, Kyiv, Ukraine)

Abstract

Insurance is an important and indispensable element of financial support for the development of economy. However, to effectively perform their functions, insurance companies should pay due attention to supporting the adequate level of their financial stability. The purpose of the article is to assess the factors affecting the provision of financial stability of insurance companies in conditions of risky environment of their activity. The essence of financial stability of insurance companies was considered from three positions: mathematical, economic and legal. The processes of activity of insurance companies were determined, which depend on the level of ensuring their financial stability. The influence of the tariff policy on the financial stability of insurance companies was proved. The dependence between the tariff policy, client policy and efficiency of internal business processes of insurance companies was shown. The analysis of the factors influencing financial stability of the insurance companies was carried out. It was revealed that the financial stability of insurers mainly depends on internal factors in the medium and long term, and also takes into account the existing tariff policy of the financial institution.

Suggested Citation

  • Anton Hrytsenko, 2017. "Ensuring the Financial Stability of Insurance Companies," Oblik i finansi, Institute of Accounting and Finance, issue 4, pages 107-111, December.
    • Handle: RePEc:iaf:journl:y:2017:i:4:p:107-111
    as

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    File URL: http://www.afj.org.ua/pdf/528-zabezpechennya-finansovoi-stiykosti-strahovih-kompaniy.pdf
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    File URL: http://www.afj.org.ua/ua/article/528/
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    References listed on IDEAS

    as
    1. Vasyl Erastov, 2016. "Main Trends in Insurance Market of Foreign Countries That Have Positive Impact on Internet Insurance," Oblik i finansi, Institute of Accounting and Finance, issue 2, pages 110-118, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    financial stability; insurance companies; tariff policy; client policy; net tariff;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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