scholarly journals Ensuring the Financial Sustainability of Insurance Companies in the Face of Global Challenges

2020 ◽  
Vol 11 (514) ◽  
pp. 371-378
Author(s):  
M. S. Tatar ◽  
◽  
O. V. Hrebenikova ◽  
I. G. Kovalchuk ◽  
◽  
...  
Keyword(s):  
Insurance Companies ◽  
Financial Sustainability ◽  
Land Vehicles ◽  
Financial Autonomy ◽  
Retention Coefficient ◽  
Global Challenges ◽  
Compulsory Insurance ◽  
The Face ◽  
Patterns Of Behavior ◽  
Factors Of Influence

The article is aimed at analyzing the financial sustainability of insurance companies in dynamics, identifying the factors of influence upon it, determining the peculiarities of its provision in the face of global challenges. Global challenges, one of which is the modern pandemic resulting in the introduced socio-behavioral restrictions, caused a decline in business activity of economic entities, which significantly affected the insurance market and actualized the analysis and provision of financial sustainability of insurance companies. As result of the study, liquidity coefficients of insurance reserves, independence and financial autonomy are computed as the main indicators of financial sustainability. The analysis of the dependence of the of risk of insurance coefficient, the risk retention coefficient, the coefficient of unprofitableness of insurance operations, the profitability of sale coefficient from the proportion of ground transport insurance, the proportion of insurance of other property, the proportion of compulsory insurance of civil liability of owners of land vehicles is carried out. The criteria for ensuring financial sustainability and appropriate measures to strengthen it in the face of global challenges are proposed. Prospects for further research in this direction are the analysis of changes in the behavior of insurance companies in order to identify patterns of behavior of insurers during certain global challenges and megacrises.

scholarly journals Interaction Configurations between Banks and Insurance Companies Necessary to Ensure their Sustainable Development in the Face of Global Challenges

2020 ◽  
Vol 4 (46) ◽  
pp. 294-304
Author(s):  
O. V. Hrebenikova ◽  
◽  
M. S. Tatar ◽  
M. I. Koval ◽  
◽  
...  
Keyword(s):  
Sustainable Development ◽  
Financial Performance ◽  
Insurance Companies ◽  
Insurance Company ◽  
Global Challenges ◽  
Organizational Mechanism ◽  
The Face ◽  
The One ◽  
Banking Institution ◽  
Active Implementation

The purpose of the article is to analyze the reasons, principles and configurations of interaction between banks and insurance companies in order to ensure their sustainable development in the face of escalating global challenges; and to suggest practical guidance for the further development of cooperation between banks and insurance companies in Ukraine. Factors that hinder this interaction and factors that stimulate it are analyzed, including the customers’ growing need in comprehensive services both in banks and insurance companies; banks' understanding of the necessity to provide comprehensive insurance protection, development and active implementation of new products in the new sphere etc. The preconditions, principles, forms and types of interaction between banks and insurance companies, in particular, mutual investment in capital, customer relations, partnerships, integration, etc. are studied, the peculiarities of the relationship between banks and insurance companies at different levels of integration are analyzed. The ways to intensify and modernize interaction between banks and insurance companies in Ukraine in the face of the escalating global challenges are defined. The analysis of diagnostic indices of banks and insurance companies shows that the financial indicators of banks are not strongly affected by the presence of an insurance company, and as for insurance companies, the presence of banks as a part of financial conglomerates allows such companies to increase the volume of insurance contracts and receive gross insurance premiums. Prospects for further research in this area can be the following: to carry out correlation and regression analysis of the relations between the financial performance of banks subject to the presence of an insurance company in the financial conglomerate, on the one hand, and the financial performance of insurers subject to their interaction with a banking institution, on the other; to analyze the formation of an organizational mechanism in banks and insurance companies; to analyze the ways of improving the system of state supervision over the relations and cooperation between the abovementioned entities.

scholarly journals Formulating Modes of Cooperative Leaning for Education for Sustainable Development

2021 ◽  
Vol 13 (6) ◽  
pp. 3465
Author(s):  
Jordi Colomer ◽  
Dolors Cañabate ◽  
Brigita Stanikūnienė ◽  
Remigijus Bubnys
Keyword(s):  
Sustainable Development ◽  
Real Life ◽  
Education For Sustainable Development ◽  
Professional Life ◽  
Global Challenges ◽  
Life Problems ◽  
The Face ◽  
Contemporary Education ◽  
The Impact

In the face of today’s global challenges, the practice and theory of contemporary education inevitably focuses on developing the competences that help individuals to find meaningfulness in their societal and professional life, to understand the impact of local actions on global processes and to enable them to solve real-life problems [...]

scholarly journals Validity of Altman Z-Score Model to Predict Financial Failure: Evidence From Jordan

2018 ◽  
Vol 10 (8) ◽  
pp. 181 ◽  
Author(s):  
Sufian Al-Manaseer ◽  
Suleiman Al-Oshaibat
Keyword(s):  
Stock Exchange ◽  
Financial Statement ◽  
Insurance Companies ◽  
Z Score ◽  
Financial Reports ◽  
Financial Failure ◽  
Amman Stock Exchange ◽  
The Face ◽  
The Subject ◽  
Score Model

This paper aims to investigate the Validity of Altman z-score model to predict financial failure in insurance companies listed on Amman Stock Exchange (ASE) over the period 2011-2016. To achieve the goal of the study, the study depended on the different statistics analytical method and Multiple Linear Regression through doing the statistical analysis of the independent variables on the dependent variable related to the subject of the study through the (E-views) program in order to cover the analytical part of the study, in addition to the descriptive method through relying on books, periodicals, previous studies and financial reports of the insurance companies of the study’ sample, whether the direct or the indirect ones, to cover the theoretical part. The result of the study finds a high predictive power for Z-score model. Moreover, the findings reveal that Z-Score model could be valuable instrumental indicators for many users of financial statement such as financial managers, auditors, lenders, investors, to make right decisions in the face of financial failure.

Produce Internationally, Consume Locally

2020 ◽  
pp. 273-295
Author(s):  
Vasilii Erokhin
Keyword(s):  
Food Security ◽  
Global Market ◽  
Belt And Road Initiative ◽  
Global Challenges ◽  
Self Sufficiency ◽  
The Face ◽  
The Usa ◽  
Belt And Road ◽  
Food Market ◽  
New Challenges

China is one of the world's biggest importers of agricultural products. Until quite recently, China's agricultural policy focused on food self-sufficiency. Globalizing trade in agricultural commodities, however, has brought new challenges to establishing secure supply and achieving security rather than self-sufficiency. In the face of emerging trade tensions with the USA, one of China's responses to the emerging volatility of the global market is to expand production facilities abroad and thus diversify deliveries. This chapter discusses how China's Belt and Road Initiative may serve improving food security of the country by establishing of a predictable system of agricultural production and trade across Eurasia, particularly, with the involvement of land-abundant Russia and the countries of Central Asia. The author explores possible responses to emerging threats to China's domestic food market by elaborating an approach to theoretical definitions and practical issues of ensurance of food security and adaptation of China's policy to contemporary global challenges.

Sharing the Risk

2021 ◽  
pp. 281-298
Author(s):  
Andrew C. A. Elliott
Keyword(s):  
Climate Change ◽  
Law Of Large Numbers ◽  
Insurance Market ◽  
Insurance Companies ◽  
Marine Insurance ◽  
Fire Insurance ◽  
Large Numbers ◽  
Mutual Insurance ◽  
The Face ◽  
Friendly Societies

Insurance makes use of the law of large numbers to mitigate the effects of risks on individuals by allowing them to be shared collectively. Early insurance arrangements arose as friendly societies and mutual insurance companies. Marine insurance has a long history and remains a major insurance market. Fire insurance provides compensation in the face of a capricious and frightening risk, but also invites fraudulent claims. Increasing amounts of information provide challenges for insurance underwriting: can there be too much information? The principle of insurance is that of averaging out of independent risks, but when risks are not independent, as may be the case when it comes to climate change, is there still any role for insurance?

Enterprise risk management for health insurance from an actuarial perspective

2012 ◽  
Vol 17 (2) ◽  
pp. 259-314 ◽  
Author(s):  
G. C. Orros ◽  
J. Smith
Keyword(s):  
Risk Management ◽  
Health Insurance ◽  
Solvency Ii ◽  
Enterprise Risk Management ◽  
Insurance Companies ◽  
Enterprise Risk ◽  
The Face ◽  
Known Unknowns ◽  
Over Time ◽  
Health Insurers

AbstractThis paper focuses on Enterprise Risk Management (ERM) and strategic business management for health insurance companies in our world of ‘unknown unknowns’ and the emergence of unexpected risks over time. It illustrates how Chief Risk Officers (CROs) can focus on ‘risk and opportunity management’ through an ERM framework, and thereby balance risks against opportunities, whilst being resilient against ‘unknown unknowns’ and their emergence over time as ‘known unknowns’ and ‘known knowns’. The paper has been designed to meet the broad requirements of health insurers that would like to implement an ERM framework for the effective risk management of their health insurance lines of business. Risk management for health insurers in the context of Solvency II and broader European Commission regulatory requirements is also discussed. The authors discuss how insurers can develop and apply risk management to build resilience in the face of the storms and shocks that may lie ahead.

The adaptive capacity of rural crafts in the face of global challenges

2010 ◽  
Vol 1 (1) ◽  
pp. 101-112
Author(s):  
Juan Carlos Pacheco Contreras
Keyword(s):  
Adaptive Capacity ◽  
Global Challenges ◽  
The Face

scholarly journals ESTIMATION OF FINANCIAL STABILITY OF AGRARIAN ENTERPRISES IN UKRAINE

2021 ◽  
pp. 40-52
Author(s):  
Nadia Davidenko ◽  
Natalia Wasilewska
Keyword(s):  
Risk Management ◽  
Financial Stability ◽  
Financial Sustainability ◽  
Enterprise Integration ◽  
Financial Decisions ◽  
Agricultural Enterprises ◽  
Factors Influencing ◽  
Governance Systems ◽  
The Face ◽  
Strategic Goals

In this paper the system of factors influencing the formation of financial solvency was investigated, the financial sustainability of agricultural enterprises of Ukraine was evaluated, and an approach was developed to define and help ensure the financial sustainability of enterprises in the face of contemporary economic and market challenges. According to the research, the main principles for maintaining financial sustainability are: responsiveness to internal and external changes; governance systems; risk management; analysis of financial ratios; real assessment of the financial solvency of the enterprise; integration with the overall management system; orientation towards achieving the strategic goals of the enterprise; use of qualitative methods to inform financial decisions in the face of uncertainty and risk.

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