ESTIMATE OF INSURANCE COMPANIE'S PROFITS USING COMPUTER SIMULATION
Journal Title: Вісник Київського національного університету імені Тараса Шевченка. Економіка. - Year 2014, Vol 9, Issue 162
Abstract
The article describes the main provisions of accounting and movement of financial resources insurance company. Has been developed simulation model of the interaction of financial flows insurance company that allows you to track the chain of financial resources and evaluate the possibility of making a profit. The purpose of this article is to assess profit insurance company based on the developed simulation model. Simulation model is divided in the following main business areas: accounting premiums; accumulation of income of the insurer and their distribution; modeling of the insurer; formation profit insurer. For different types of insurance are simulated: the flow of customers; financial flows of payments; reserve funds; operating costs and revenues. Estimated various stochastic factors on finance flows (inflation, actions of competitors, crisis and postcrisis actions, etc.). Process simulation leads to the definition of the main results of the insurer (income, expenses, deductions in insurance reserves, commissions, administrative expenses, net income, retained earnings, etc.).
Authors and Affiliations
Oksana Klepikova
Keywords
Related Articles
- EP ID EP404082
- DOI 10.17721/1728-2667.2014/162-9/15
- Views 68
- Downloads 0
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