Klapkiv L. Financial risks of activities of insurance companies

Discover and improved approaches to the interpretation of financial risk as the probability of losses in the insurance company, manifested as a result of changes in conditions of external economic environment for financial transactions, including the formation of financial resources directed at determining appropriate management techniques. Determined the economic substance of financial risk insurance services as the probability of loss as a reduction or non-receipt of funds, aimed at servicing the insurance contract, during formation, investment of insurance reserves, reinsurance and payments due to changes in conditions of external economic environment. Methodological principles of assessment of the impact of changing external economic environment on the amount of the insurer's assets, based on analysis of aggregate indicators of market and credit risks, which will enable to predict the critical deviation of selected variables in the company. Substantiates the possibility of using derivatives in the activities of the insurer to manage financial risks arising in the course of servicing the insurance contract. Improved approaches to calculating capital of the insurer on the basis of indicators of financial risk in the context of the method of determining the amount of funds and the possibility of applying the relevant factors, which aims to ensure stable operation of the company.