Authors:
Mikhail Chernyakov
;
Olesya Usacheva
and
Natalia Aksenova
Affiliation:
Novosibirsk State Technical University, Novosibirsk, Russia, Russian Federation
Keyword(s):
Insurance, Financial Stability, Analysis, Risks
Abstract:
The current state of the insurance market is characterized by a high degree of instability. The financial stability
of insurance companies is influenced by a large number of factors, such as the number of contracts, payout
ratio, capital structure, profitability and underwriting risk. The insurance industry acts as a protective barrier
for the country's economy from the effects of various risks, at the same time, the financial stability of insurance
companies is also subject to the influence of risks. The volume of scientific publications indicates the presence
of a steady interest in this problem. However, there is no methodology to establish the relationship between
financial stability and multiple factors influencing it. Our research is aimed at identifying links and
determining the influence of factors on the financial stability of insurance companies. We assumed that the
factors that change the financial stability of the insurance market can be identified and assessed us
ing a
forward-looking analysis of the paradoxical theory of regulation. Based on this analysis, a regression model
was formed for the insurance market of the Novosibirsk region, which can form the basis for predicting the
financial stability of insurance companies.
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