Determining the level of competitiveness and financial capacity of the insurance company Cover Image

Determining the level of competitiveness and financial capacity of the insurance company
Determining the level of competitiveness and financial capacity of the insurance company

Author(s): Galyna Azarenkova, Olena Golovko, Kate Piddubna, Dmytro Polurezov
Subject(s): Economy, Business Economy / Management
Published by: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego
Keywords: financial potential; competitiveness; insurance; market of insurance; analysis; design

Summary/Abstract: In the conditions of economic and political in stability there is a necessity of analysis the criteria of financialpotential and competitiveness in a country.A role of financial potential and competitiveness for insurance company is special, in fact during the realizationof service insurance company pays bonus and expects that in the future at the offensive of accident a companyfully or partly compensatesloss. In connection with the high degree of vagueness of insurance market in theevery day activity insurance companies must take in to account influence of various factors of internal andexternal environment, that especially characteristically for the crisisstate of economy.The article is devoted to the actual problem – analyzing the insurance market of Ukraine on the example of aninsurance company and search the directions of increasing financial potential and competitiveness. The objectof study is indexes of insurance company in market conditions, the subject of the study – the financial potentialand competitiveness as an indicator of development of insurance company.Methods – systematic approach, methods of economic and financial analysis, methods of modeling. The mainresults of the research: analyze of indexes that in fluence on financial potential and competitiveness of insurancecompany; the model of influence of factors is built on activity of insurance company; administrative conclusionsare offered for the increase of financial potential.

  • Issue Year: 22/2017
  • Issue No: 2
  • Page Range: 5-11
  • Page Count: 7
  • Language: English