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id: 23463
Title: Analysis of the insurance company's financial status assessment
Authors: Aleskerova Yu., Rachok V.
Keywords: analysis, financial condition, insurance portfolio, asset management, IC "Providna", financial reliability
Date of publication: 2020-02-07 14:16:13
Last changes: 2020-02-07 14:16:13
Year of publication: 2020
Summary: The financial condition of an insurance organization is a characteristic of its competitiveness in the field of insurance activity, and therefore efficiency. the use of invested equity. The source of information in the financial analysis is appropriately prepared financial statements that characterize the final results of the insurer. The main analytical task is to evaluate the financial position and financial performance of the insurance company. The financial position of an insurance organization is disclosed through the interpretation of indicators of assets, liabilities and capital, and financial results - through indicators of income, expenses and profit. Thus, the source of information for assessing the financial condition of an insurance organization is primarily the statement of financial position (balance sheet), and the assessment of financial results using the data on the statement of comprehensive income (statement of financial results). Financial resources management enables timely response to changes in the external environment and internal condition of the insurer, ensuring stability, solvency and financial stability of the insurance company. Despite the large number of studies on the subject, there is no single approach to assessing the financial position of insurance companies today. The purpose of the article is to investigate the peculiarities of the analysis of the financial condition of insurance companies and to improve this analysis on the example of IC "Providence" The conducted researches show that the insurance organization "Providna" is one of not many insurance companies, which stood at the origins of the insurance business in Ukraine and to this day successfully operates in market conditions, reliably protecting the interests of insurers. PJSC Insurance company “Providna” remains reliable in relation to the most important priorities, which are the main ones in the market economy, and which it is guided in daily activity from the first year of its existence to the present. This is the maximum attention to the client, guarantees of fulfillment of the undertaken obligations, constant improvement of the quality of services rendered, full and timely settlement of insurance cases, careful observance of the rules of corporate ethics and requirements of the current legislation.
Publication type: Статті у зарубіжних наукових фахових виданнях (Copernicus та інші)
Publication: The scientific heritage. - 2020. - No 43. - Р. 3-12.
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Published by: Адміністратор
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