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Determination of priority groups of indicators for threats identification to the financial security of insurance market

Author

Listed:
  • Achkasova Svitlana

    (Simon Kuznets Kharkiv National University of Economics)

Abstract

The object of research is economic processes in insurance market of Ukraine. Generally there is no methodology for financial security assessment of the individual insurer and the insurance market in Ukraine, approved within the regulatory impact and determining financial security is not considered that hinders the practice of providing threats identification. To achieve the objectives author used the following methods: analysis and synthesis, logic synthesis, hierarchy analysis method. Methodological basis of the study is insurance theory and insurance concepts. As a result the aim of research was achieved, namely the priority groups of indicators for threats identification to the financial security of the insurance market are identified. Using the hierarchy analysis method, the priority groups of indicators for assessing the financial security of the insurance market are defined. The highest priority received a group of indicators that characterize assets charter and equity capital (0.588), followed by a group of indicators characterizing the insurance market regarding macroeconomic development of the country, a group of indicators application of prudential and regulatory impact on the insurance market and a group of indicators characterizing insurance activities of insurance companies in the insurance market.

Suggested Citation

  • Achkasova Svitlana, 2017. "Determination of priority groups of indicators for threats identification to the financial security of insurance market," Technology audit and production reserves, 2(34) 2017, Socionet;Technology audit and production reserves, vol. 2(5(34)), pages 54-60.
    • Handle: RePEc:nos:ynbvsn:19
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    File URL: http://journals.uran.ua/tarp/article/view/98349
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    References listed on IDEAS

    as
    1. Breckenridge, John & Farquharson, James & Hendon, Ruth, 2014. "The role of business model analysis in the supervision of insurers," Bank of England Quarterly Bulletin, Bank of England, vol. 54(1), pages 49-57.
    2. Safet Kozarevic & Laura Peressin & Giorgio Valentinuz, 2013. "Efficiency of the Transition of Insurance Markets in South-Eastern European Post-Communist Countries," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 11(2), pages 139-164.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    national insurance market; groups of indicators; threats to the financial security; regulatory impact; prudential supervision;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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