[vc_row][vc_column][vc_column_text]JEL Classification<\/strong>: H7; H72<\/p>\n

Shyshpanova Nataliia, <\/strong>Candidate of Economics Sciences, Assistant Professor, Department of Finance, Banking and Insurance, Mykolaiv national agrarian university, Mykolayiv, Ukraine<\/p>\n

Shcarlet Tatiana<\/strong>, a graduate of higher education, Nikolayev national agrarian university, Mykolaiv, Ukraine<\/p>\n

SYSTEMMENT THE INDICATORS SYSTEMATIZATION OF FINANCIAL RELIABILITY ESTIMATES OF INSURANCE COMPANIES<\/p>\n

Introduction. <\/strong>Despite a significant arsenal of developments in issues of assessing the financial reliability of insurance companies remains unresolved. In order to detail, specify and further systematize the indicators for the indicated evaluation, the publications of scientists are analyzed.<\/em><\/p>\n

The purpose of the study is to analyze existing methodological approaches to assessing the financial soundness of insurance companies and to determine the system of indicators that most accurately reflects the ability of an insurance company to meet its financial obligations to the policyholder and other creditors.<\/em><\/p>\n

Results.<\/strong> The main approaches to defining definitions of “financial insurer reliability” are highlighted. The necessity for assessing the financial reliability of an insurance company by various indicators is substantiated. It was emphasized that among scientists there is no single point of view regarding indicators, which assesses the financial reliability of the insurer.<\/em><\/p>\n

The description of the essence of the concept “financial insecurity of the insurer” as a category that characterizes such a state of financial resources (both own and borrowed), their distribution and use, in which the insurance company remains solvent and capable in time and in full to fulfill its financial obligations ” in the conditions of negative influence both internal and external factors in relation to all subjects of the market.<\/em><\/p>\n

It is determined that the main components of ensuring the financial reliability of insurance companies are: equity, insurance reserves, reinsurance and tariff policy.<\/em><\/p>\n

Conclusions.<\/strong> The system of indicators for assessing the financial reliability of an insurance company, which is formed in five groups (1 – indicators that characterize the ability to fulfill obligations, 2 – indicators that characterize the adequacy of own funds to fulfill insurance obligations, 3 – indicators, characterizing the level of payments, 4 – indicators characterizing the indebtedness of insurers and the insurer for insurance payments, 5 – indicators that characterize the degree of independence from reinsurance), which most accurately reflect the ability b insurer to meet its financial obligations to policyholders and other creditors. Their calculation formulas are given.<\/em><\/p>\n

Keywords:<\/strong> insurer’s financial reliability, financial instability of the insurer, indicators of financial reliability<\/em><\/p>\n

References:<\/strong><\/p>\n

\n
1. Abernikhina, I. Gh. (2017), \u201cThe system of indicators of financial instability of the insurer\u201d, Finansy Ukrajiny<\/em>, vol. 6, pp. 74-86.<\/li>\n
2. Bratjuk, V. P.and Ghudachok, Ja. Ju. (2014), Doslidzhennja upravlinnja finansovoju nadijnistju strakhovyka na prykladi strakhovykh kompanij Ukrajiny<\/em> [Investigation of the financial instability management of an insurer on the example of insurance companies of Ukraine] Efektyvna ekonomika<\/em>, available at: http:\/\/www.economy.nayka.com.ua\/?op=1&z=3509<\/a> (Accessed 04 November 2017).<\/li>\n
3. Butyrina,\u00a0V.\u00a0M. (2013), \u201cConceptual bases of financial stability of insurance organizations. Scientists note Taurian National University\u201d available at: https:\/\/goo.gl\/s7paqd (Accessed 04 November 2017).<\/li>\n
4. Kysiljova, I. Ju. (2014), \u201cAn assessment of the insurer’s financial reliability\u201d, Bulletin of Odessa National University, <\/em>vol. 2, pp. 139\u2013143.<\/li>\n
5. Kobylynecj, N.\u00a0O. (2009), \u201cThe system of assessing the financial stability of an insurance company\u201d Naukovyj visnyk NLTU Ukrajiny, <\/em>vol. 9. pp. 191\u2013196.<\/li>\n
6. Malynych, Gh. (2009), \u201cMetodychni pidkhody do analizu finansovoji nadijnosti strakhovykh kompanij: perevaghy ta nedoliky\u201d<\/em> [Methodical approaches to the analysis of financial reliability of insurance companies: advantages and disadvantages], Kyjivsjkyj universytet<\/em>, vol. 113\u2013114, pp.\u00a087\u201391.<\/li>\n
7. Olijnyk,\u00a0V.\u00a0M. (2016), \u201cMethodological principles of financial stability of insurance companies\u201d Absttract of Ph.D. Dissertation, Ukr. akad. bank. Spravy, Sumy, Ukraine.<\/li>\n
8. Polchanov,\u00a0A.\u00a0Ju. (2010), \u201cFinancial stability of the insurance company as an object of strategic management\u201d, Journal of ZHDTU<\/em>, available at: https:\/\/goo.gl\/5yLVcq<\/a> (04 November 2017).<\/li>\n
9. Pro zatverdzhennja Rekomendacij shhodo analizu dijaljnosti strakhovykiv<\/em> (2005), \u201cRegulation of the State Commission for Regulation of Financial Services Markets of Ukraine\u201d, available at: http:\/\/www.uazakon.com\/document\/fpart50\/idx50795.htm (04 November 2017).<\/li>\n
10. Tkachenko,\u00a0N.\u00a0V.(2009), \u201cFinancial stability of insurance companies: theoretical approaches\u201d Finansy Ukrajiny<\/em>, vol. 6, pp. 104\u2013121.<\/li>\n
11. Shakura,\u00a0O.\u00a0O. (2013), \u201cInvestigation of the essence of financial instability of the insurer in the conditions of development of the system of commercial insurance in Ukraine\u201d Naukovyj visnyk NLTU Ukrajiny<\/em>, vol. 23, pp. 270\u2013277.<\/li>\n<\/ol>\n
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    [vc_row][vc_column][vc_column_text]JEL Classification: H7; H72 Shyshpanova Nataliia, Candidate of Economics Sciences, Assistant Professor, Department of Finance, Banking and Insurance, Mykolaiv national agrarian university, Mykolayiv, Ukraine Shcarlet Tatiana, a graduate of higher education, Nikolayev national agrarian university, Mykolaiv, Ukraine SYSTEMMENT THE INDICATORS SYSTEMATIZATION OF FINANCIAL RELIABILITY ESTIMATES OF INSURANCE COMPANIES Introduction. Despite a significant arsenal of developments
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