Mechanizm of the assessment of the insurer's financial stability by spreadsheet means

Сосновська, Ольга Олександрівна and Мазур, Наталія Петрівна (2017) Mechanizm of the assessment of the insurer's financial stability by spreadsheet means Відкрите освітнє е-середовище сучасного університету (3). pp. 388-397. ISSN 2414-0325

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Abstract

In the article is examined the actual problem of assessment of the insurers’ financial stability on the basis of tests early warning tools spreadsheet. Is justified the advantages of this technique for the evaluation process as easy and efficient analytical tool. There is shown the early test groups of prevention indicators and formulas for calculating them, the range of values for the analysis of financial performance and corrective factors to determine the insurer’s financial stability. The indicators of early test groups, which were established the National Commission for State Regulation of Financial Services Markets in Ukraine include a set of indicators that characterize the composition and structure of the insurer's assets and the relationship between assets and liabilities (indicator of accounts receivable, assets liquidity index, reverse indicator of solvency), group of indicators that characterize the effectiveness of insurance activities (insurance risk index, rate of insurance coverage, measure changes in the amount of net premiums on all policies, index of independence from reinsurance, indicator of the ratio of net insurance reserves to capital) group of indicators that characterize the profitability and profitability (total return index, index of changes in capital ratio, return on investment index). There are proposed the algorithm for calculating test early warning tools and spreadsheet scale qualitative evaluation of the insurer’s financial stability, which differentiate as absolute, normal, poor and crisis. The absolute level of financial stability of the insurer shows a high level of its adaptation to external and internal factors in the unstable economic environment. The normal level of financial stability indicates that the process of managing the activities of the insurer is carried out effectively. It allows to maintain the ability to restore the financial equilibrium and achieve tactical and strategic goals under the influence of dynamic factors of the economic environment. The unsatisfactory level of financial stability indicates that there is a violation of the financial status of the insurer, which is accompanied by a decrease in its reliability and solvency. The crisis level of financial stability indicates that there are significant financial difficulties in the insurer's activities

Item Type: Article
Uncontrolled Keywords: the insurers’ financial stability; evaluation; the early tests of prevention; normative values; corrective factors; level of financial stability; spreadsheet
Subjects: Статті у наукометричних базах > Erih Plus
Articles in journals > Збірники наукових праць
Divisions: Institutes > Institute of Society > Chair of Information Technologies and Mathematics
Institutes > Institute of Society > Chair of Finance and Economics
Depositing User: Наталія Мазур
Date Deposited: 09 Nov 2017 12:42
Last Modified: 09 Nov 2017 12:42
URI: http://elibrary.kubg.edu.ua/id/eprint/20793

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