Sinelnik V. The risk management of system to ensure the financial stability of insurance companies

The thesis proposes structural and functional model of integrated risk management system of insurance companies to strengthen their financial stability, which can adequately assess the impact of risk on the financial position of insurance companies. Improved approaches to systematize and clarify the categories of risk, risk management in insurance companies, defined characteristics and required elements of risk management. We got further directions of realization of the state policy towards ensuring the financial stability of insurance companies and insurance market reform in the implementation of the prudential supervision of non-bank financial institutions. Improved principles of reforming the insurance market in terms of introduction of state insurance supervision based on assessment of insurance, market, operational, credit and other financial risks with the use of stress testing of financial stability of insurance companies. Generalized and systematized experience of risk management in the financial activities of insurance companies in developed countries.