Year 2018, Volume 4 , Issue 12, Pages 628 - 634 2019-01-10


Nataliya Kazakova [1] , Margarita Melnik [2] , Cholpon Nuralieva [3]

The insurance business is subject to specific risks, for the assessment and forecasting of which requires an adapted toolkit, including a system of indicators, methods for their calculation and evaluation. For the insurance industry, a reliable scientifically based risk assessment methodology will allow to diagnose in a timely manner factors that can lead to negative consequences or unfavorable circumstances that can lead to non-fulfillment of the assumed obligations to the insured and to develop in the most timely manner the most effective model for making managerial decisions. The methodological platform of this study was such risk analysis methods as sensitivity analysis, decision tree, scenario method, Monte Carlo method, rating evaluation. The information base of the research includes indicators of financial statements of insurance companies and credit ratings of well-known rating agencies. The result of the study is a comprehensive methodology for the integrated assessment and forecasting of risks of insurance companies, based on a system of financial indicators weighted by the probability of default, as well as non-financial indicators that take into account the company's rating and unprofitable business lines. Scientific results are tested on the example of one of the largest Russian insurance companies.                                                                                                                                                                                                                                                                                                   

insurance company, risk assessment, rating
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Primary Language en
Subjects Social
Journal Section Articles

Author: Nataliya Kazakova (Primary Author)
Country: Russian Federation

Author: Margarita Melnik
Country: Russian Federation

Author: Cholpon Nuralieva
Country: Russian Federation


Publication Date : January 10, 2019

EndNote %0 International E-Journal of Advances in Social Sciences ESTIMATION OF RISKS OF INSURANCE COMPANIES USING INTEGRATED METHODS OF ANALYSIS %A Nataliya Kazakova , Margarita Melnik , Cholpon Nuralieva %T ESTIMATION OF RISKS OF INSURANCE COMPANIES USING INTEGRATED METHODS OF ANALYSIS %D 2019 %J IJASOS- International E-journal of Advances in Social Sciences %P 2411-183X-2411-183X %V 4 %N 12 %R doi: 10.18769/ijasos.476443 %U 10.18769/ijasos.476443