Financial stability of insurance companies in the dynamic environment
Journal Title: Економічний вісник університету - Year 2016, Vol 1, Issue 29
Abstract
The subject of the work - theoretical aspects of financial stability of insurance companies in a dynamic environment. Purpose - review and study of theoretical and methodological aspects of the financial stability of insurance companies in a dynamic environment. Method and methodology of work - used general scientific and special methods, such as comparison of scientific abstraction, induction and deduction, analysis and synthesis. Results – clarified the economic nature and refined essence of the concept of «financial stability of the insurance company»; studied the importance of financial stability of insurance companies in ensuring that insurers socially recognized role in the economy; Certain elements affect the financial stability of insurance companies in a dynamic external environment; proposed stages of strategic management of financial stability of insurance 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 insurance companies is a major factor, with which the insurance institution can properly carry out its multifaceted role and due to the interest of the state in social stability, the desire of insurers to quickly and adequately neutralize the negative random events, and insurers - to strengthen their position in the market, satisfaction of the interests of owners and further gradual development of companies.
Authors and Affiliations
Mykhailo Kuzheliev, Maksym Zhytar
Keywords
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