METHODOLOGICAL APPROACHES TO THE ASSESSMENT OF RISKS AND THREATS TO THE FINANCIAL SECURITY OF INSURANCE ORGANIZATIONS

Abstract

Introduction. Insurance constitutes a key component of the infrastructure of socio-economic development of the country and regions. This industry needs to be able to counter threats to its existence and sustainable development. A high level of financial security provides insurance companies to carry out continuous and profitable activities. The purpose of the study is to test existing approaches to assessing the financial security of the insurance market. Methodology. The initial information base for the study was the official statistical data of ratings, state portals and insurance organizations. The methods of the Bank of Russia and a Russian author are taken as the basis for assessing the financial situation of insurance organizations. Results. The analysis of financial security on the materials of insurance organizations is carried out. The organizations are the leaders and outsiders of the insurance market in terms of financial security. The main risks of insolvency of the largest participants of the insurance market are identified. Conclusions. The practical use of the results obtained enables regular monitoring of the financial security of insurance organizations, identify priority areas for improving the financial security of all subjects of the market under study, taking into account the identified risks and threats.