MODELLING OF THE SYSTEM OF CRISIS MANAGEMENT OF INSURANCE COMPANIES OF UKRAINE IN TERMS OF UNSTABLE ECONOMIC DEVELOPMENT
Journal Title: Бізнес-навігатор - Year 2017, Vol 4, Issue 43
Abstract
In the paper the system of crisis management of insurance companies of Ukraine is modelled in order to increase the efficiency of managerial decisions when choosing a scenario of company development based on risk minimization in the long run. The proposed system has the following blocks: subject and object of crisis management; mechanism of crisis management; information about the environment; information on the state of the object of crisis management; feedback. The current Ukrainian legislation regulating the functioning of crisis management mechanisms in the conduct of insurance activities is systematized in accordance with the International Solvency II Directive. Estimation of the main indicators of the insurance market of Ukraine for 2014–2017 is given. A steady tendency towards the annual decrease in the number of insurers against the background of an increase in the growth of insurance premiums and payments is revealed. The financial status and solvency indices of domestic insurers included in TOP-10 of the major insurance companies of Ukraine according to the site forinsurer.com were diagnosed, which allowed substantiating the practical necessity for timely introduction into the activity of the system of crisis management of insurance companies.
Authors and Affiliations
N. O. Slobodyanyuk, V. A. Yankovskyi, A. O. Ogonovskaya
Keywords
Related Articles
- EP ID EP625532
- DOI -
- Views 123
- Downloads 0
THE HISTORY OF DEVELOPMENT OF THE BANKING SYSTEM OF UKRAINE
The article is devoted to the study of the peculiarities of вecoming and formation of the banking system of Ukraine. The author focuses on the various stages of development of the banking sector of the country, as well a...
ROLE OF STRATEGIC PLANNING IN THE SUSTAINABLE DEVELOPMENT OF RURAL AREAS IN THE REGIONS
The article highlights the concept of planning and its relationship with forecasting. The role of strategic planning in the development of rural areas has also been explored. The main components of planning as a system a...
STRATEGIC AND INNOVATIVE PROVIDING MAIN MANAGEMENT IN THE CONTEXT OF ECONOMIC SECURITY OF THE ENTERPRISE
The article highlights the unresolved problems in the field of innovative management of basic assets for use in the economic security of enterprises, which allows ensuring an appropriate level of economic growth. It was...
ORGANIZATIONAL PRINCIPLES OF MANAGEMENT OF INVESTMENT ACTIVITIES OF RAILWAY TRANSPORT ENTERPRISES
In the article it is determined that investment and effective investment policy are important for railway companies. In order to effectively organize the investment activity of PJSC “Ukrzaliznytsya”, the primary reasons...
PUBLIC RELATIONS IN THE HIGHER EDUCATION OF UKRAINE
The article considers the state of marketing in the sphere of higher education of Ukraine and the place of Public relations in it. The analysis of world trends in the promotion of educational services with the formation...