Financial stability of insurance companies in the dynamic environment Cover Image

Фінансова стійкість страхових компаній в умовах динамічного зовнішнього середовища
Financial stability of insurance companies in the dynamic environment

Author(s): Mykhailo Kuzheliev, Maksym Zhytar
Subject(s): Business Economy / Management, Financial Markets, Accounting - Business Administration
Published by: Університет Григорія Сковороди в Переяславі
Keywords: financial stability; insurance companies; the external environment; the solvency of insurance companies; underwriting; reinsurance; insurers; risk; systemic approach

Summary/Abstract: The subject of the work - theoretical aspects of financial stability of insurance companies in a dynamicenvironment.Purpose - review and study of theoretical and methodological aspects of the financial stability of insurancecompanies in a dynamic environment.Method and methodology of work - used general scientific and special methods, such as comparison ofscientific abstraction, induction and deduction, analysis and synthesis.Results – clarified the economic nature and refined essence of the concept of «financial stability of theinsurance company»; studied the importance of financial stability of insurance companies in ensuring thatinsurers socially recognized role in the economy; Certain elements affect the financial stability of insurancecompanies in a dynamic external environment; proposed stages of strategic management of financial stability ofinsurance companies.Conclusions - the stability of the insurance companies is not only an important prerequisite for their survival,but also the key to the success of their mission and strategic goals. The financial stability of insurancecompanies is a major factor, with which the insurance institution can properly carry out its multifaceted role anddue to the interest of the state in social stability, the desire of insurers to quickly and adequately neutralize thenegative random events, and insurers - to strengthen their position in the market, satisfaction of the interests ofowners and further gradual development of companies.

  • Issue Year: 1/2016
  • Issue No: 29
  • Page Range: 287-294
  • Page Count: 8
  • Language: Ukrainian