Achkasova S. Assessment stress stability of insurance companies

Object of research: financial stability of insurance companies under the influence of risk stress factors; the purpose of the work: justification theoretical propositions and developing methodological approaches and practical guidelines to assessment stress stability insurance companies in Ukraine; methods of research and techniques: methods: structural analysis, analytic hierarchy process, multivariate factor analysis, hierarchical, correlation analysis, mathematical statistics, regression analysis, fuzzy sets, SWOT-analysis; theoretical and practical results: methodical approach to assessment stress stability of insurance companies that provide quantitative measurements and qualitative characteristics of their level of stress based on predefined thresholds indicators to improve the prudential supervision of insurance market actors; diagnostic tools micro prudential supervision based micro prudential indicators and cover by intervals of marginal scales and criteria for very low, low, medium, high and very high levels of risk depending on insurers that are used to assessment stress stability insurance companies; methodological support stress-testing of capital adequacy of insurers , which takes into account risk factors (increase of insurance claims and insurance premiums) to determine the solvency margin and the solvency capital requirement, which gives to evaluate changes and possible shortage of own funds of insurers under stress testing; the concepts of stress stability insurance companies as a comprehensive description of their operation that determines the ability of insurance companies to ensure equilibrium under the influence of risk factors for the occurrence of stressful nature of the crisis; the concepts of «stress-testing of insurance companies» for organizational, functional, and resource efficient approach that defines stress-testing as a tool for risk identification at the regulator and insurance companies to assess the readiness of insurers to possible crisis situations, the size of the capital requirement to cover potential losses in the event of the application of risk methods prospective assessment of their financial condition risk factors; a comprehensive approach to improve prudential supervision of insurance undertakings; scientific and methodical provision of the organization of the stress-testing of insurance companies; degree of implementation: developing embedded in the risk management system of PJS «Insurance Company «Lemma City Server», PJS «Insurance Company «VELTA», activities in Kharkiv Insurers Union, Kharkiv National University of Economics in the teaching of subjects «Market of Financial Services» and «Insurance Management»; the sphere of application: activities of insurance companies, educational process.