Korvat O. Formation of the prudential supervision’s provision system over the life insurance activities

Українська версія

Thesis for the degree of Candidate of Sciences (CSc)

State registration number

0411U006443

Applicant for

Specialization

  • 08.00.08 - Гроші, фінанси і кредит

26-10-2011

Specialized Academic Board

К 64.055.02

Essay

The object of the research: prudential supervision and regulation of insurance; The purpose of work: the developing of the theoretical position and practical recommendations to the formation of the prudential supervision's provision system of activities for life insurance in Ukraine; Research methodology and instruments: methods of analysis, decomposition, analogy, theoretical generalization, systematic approach, comparative analysis, correlation analysis, statistical analysis, grouping, structuring elements, morphological analysis; Theoretical and practical results: the concept of "diagnostic monitoring" in prudential supervision for describing the process of systematic observation of stability level of insurers and insurance market with using of diagnostic evaluating methods for early warning of threats and the timely adjustment of insurance; structuring tools of prudential supervision, which different in distribution of tools for the direction of their supervisory assessment and regulatory impact on the causes and risk mitigation factors , risk map of the insurer, which different in specification the types of risk and groups of their causes, determining the new relationships impact of internal to external risks, the impact of evaluation risk on strategy risk; the category "prudential supervision", in which, unlike the existing definitions, functions of the market stability control and active consumers protection were highlighted; the concept of "total risk of the business entity," which different in the consideration of the subjective component and the examination of cumulative risk from the standpoint of safety and as a negative deviation of the integral indicators of business; methodical approach of assessing the financial stability of insurance in prudential supervision, including life insurance, which different in consideration common factors influencing the stability of insurers and insurance market, and in comparison indicators of stability of insurers with aggregates of the insurance market as additional criteria for evaluation of their stability; diagnostic monitoring system of insurance in prudential supervision, which different in allocating the required reporting, statistical and market public information, determining the set of diagnostic methods for evaluation and output express-estimations; The degree of introduction: developments are implemented in practical work of the General Economic Department of Kharkiv Regional State Administration, JSC "Institute of Risk", Kharkiv Union of Insurers, the State Commission for Regulation of Financial Services Markets of Ukraine; The sphere of application: State regulation of insurance activities.

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