INSURANCE MARKET POTENTIAL AS THE FACTOR OF ENSURING ECONOMIC SECURITY: METHODOLOGICAL ASPECTS

2017 ◽  
Author(s):  
Elena Kostyaeva
Keyword(s):  
Economic Security ◽  
Market Potential ◽  
Insurance Market ◽  
Methodological Aspects

scholarly journals Mechanisms of Protection from Interest Rate Risk with Reference to the Life Insurance Market in Montenegro

2018 ◽  
Vol 7 (1) ◽  
pp. 17-42
Author(s):  
Milijana Novović Burić ◽  
Vladimir Kašćelan ◽  
Milivoje Radović ◽  
Ana Lalević Filipović
Keyword(s):  
Risk Management ◽  
Interest Rate ◽  
Life Insurance ◽  
Financial Management ◽  
Financial Stability ◽  
Interest Rate Risk ◽  
Economic Security ◽  
Insurance Market ◽  
Insurance Companies ◽  
Rate Risk

Abstract Insurance companies are facing major challenges that point to the need for control process and risk management. Risk management in insurance has a direct impact on solvency, economic security, and overall financial stability of insurance companies. It is very important for insurance companies to adequately calculate risks to which they are exposed. Asset liability management (ALM), as an integrated approach to financial management, requires simultaneous decision-making about categories and values of assets and liabilities in order to establish the optimum volume and the ratio of assets and liabilities, with the understanding of complexity of the financial market in which financial institutions operate. ALM focuses on a significant number of risks, whereby the emphasis in this paper will be on interest rate risk which indicates potential losses that may reflect in a lower interest margin, a lower value of assets or both, in terms of changes in interest rates. In the above context, the aim of this paper is to show how to protect from interest rate changes and how these changes influence the insurance market in Montenegro, both from the theoretical and the practical point of view. The authors consider this to be an interesting and very important topic, especially because the life insurance market in Montenegro is underdeveloped and subject to fluctuations. Also, taking into account the fact that Montenegro is a country that has been making serious efforts to join the EU, it is expected that insurance companies in Montenegro will strengthen their financial position in the market even using the ALM traditional techniques, which is shown in this paper.

scholarly journals Russian Citizens’ Attitude toward Insurance Policies as a Factor of Individual Economic Security

2019 ◽  
Vol 10 (1) ◽  
pp. 23
Author(s):  
Olga Medyanik ◽  
Olga Deyneka
Keyword(s):  
Development Strategy ◽  
Financial Literacy ◽  
Insurance Industry ◽  
Economic Security ◽  
Insurance Market ◽  
Management Tool ◽  
Insurance Policies ◽  
External Threats ◽  
Private Citizens ◽  
Literacy Preparation

Today, insurance enables the functioning of the market system. In modern Russia, such a mechanism of protection against internal and external threats exists to ensure the economic security of each citizen. Indeed, individual insurance policies continue to gain importance as the most effective risk management tool to guarantee the safety of the health and property of private citizens. The goal of this study was to investigate Russian citizens’ attitudes towards insurance policies and investment bearing in mind the concept of personal economic security. Preparations for this study were focused on theoretical understandings of economic security problems, taking the field of insurance as an example. Our research consisted of four stages, with a total of 1794 participants. The results of this study can offer insight to improve the functioning of the insurance market in accordance with the framework of the Insurance Industry Development Strategy for the Russian Federation—2020. The obtained results can be used from both a political and economic standpoint in the development of a set of measures dealing with the control of financial institutions, promotion of financial literacy, preparation of courses for universities, and trainings for participants in the insurance market. Policyholders can also use this information to advocate for improved insurance programs for citizens.

scholarly journals Ensuring economic security of the territory in the conditions of aging of the population: theoretical-methodological aspect

2021 ◽  
pp. 13-21
Author(s):  
Elena Vitalyevna Vasilyeva
Keyword(s):  
Human Capital ◽  
Senior Citizens ◽  
Population Aging ◽  
Theoretical Models ◽  
Economic Security ◽  
National Interests ◽  
Economic Sphere ◽  
Effective Instrument ◽  
Methodological Aspects ◽  
Socioeconomic Consequences

This article is dedicated to the theoretical-methodological aspects of studying economic security of the territory in the conditions of aging of the population. The author traces the evolution of interpretation of the concept of “economic security”. Analysis is conducted on the conceptual construct of studying economic security of the territory that has established in scientific literature. The polemical character of determination of the object of economic security of the territory is indicated. The author considers the nuances of using the concepts of “national interests” and “state interests”; examines the traditional triad “interests – threats – protection” of studying economic security in the conditions of aging of the population. The theory of economic security is augmented with the provisions of the neoclassical theory of human capital and theoretical models of generational economics that take into account the age structure of the population of the territory. In the conditions of aging of the population, the state interests in the economic sphere and the interests of the senior citizens are considered as the object of economic security. The model for the formation of the effective instrument of protecting state interests in the economic sphere and interests of the senior citizens from the threats caused by socioeconomic consequences of population aging is built from the perspective of the theory of economic security, theory of human capital, and theoretical models of generational economy. The author clarifies the concept of economic security of the territory in the conditions of aging of the population, which implies protection of the objects (state interests in the economic sphere and interests of the senior citizens) from threats caused by socioeconomic consequences of population aging.

scholarly journals Management of Complex Risk of the Airline's Activities in order to Ensure Economic Security

TEM Journal ◽  
2021 ◽  
pp. 1534-1539
Author(s):  
Anna A. Burdina ◽  
Nataliya V. Moskvicheva ◽  
Narmina O. Melik-Aslanova
Keyword(s):  
Risk Assessment ◽  
Systematic Approach ◽  
Economic Security ◽  
Effective Management ◽  
Management Decisions ◽  
Methodological Aspects ◽  
The Impact

The study proposes to consider the concept of complex risk of an airline from the position of a systematic approach and define risk as a threat to the economic security of an airline. The analysis of theoretical and methodological aspects of risk assessment is carried out. One method is proposed for determining and predicting a complex risk as a threat to the economic security of an airline based on an analysis of the probability of events and the impact on the company's activities in order to make effective management decisions to strengthen the economic security of an airline.

Development of the financial control system of foreign economic activity of organizations

2021 ◽  
Author(s):  
Vilena Yakimova ◽  
Svetlana Pankova ◽  
Sergey Khmura
Keyword(s):  
Control System ◽  
University Students ◽  
Economic Activity ◽  
Subject Area ◽  
Economic Security ◽  
Practical Work ◽  
Financial Control ◽  
Compliance Control ◽  
External Auditors ◽  
Methodological Aspects

The monograph presents the results of research on theoretical and methodological aspects of the control of enterprises engaged in foreign economic activity. The features of export-import operations as a subject area of ​​control carried out by internal and external auditors are disclosed. The paper proposes the development of methodological support for compliance control based on the development of verification programs, working documentation forms, compliance procedures for assessing compliance with financial legislation. The monograph is intended for undergraduates, postgraduates and university students studying in the areas of "Economic security" and "Economics", and can also be useful for managers, chief accountants and economists, analysts and auditors of enterprises in their practical work.

FINANCIAL ASPECTS OF ECONOMIC SECURITY OF THE ENTERPRISE

2018 ◽  
Author(s):  
Volodymyr Hanenko ◽  
◽  
Olha Batrak ◽  
Keyword(s):  
Financial Stability ◽  
Crop Production ◽  
Industrial Sector ◽  
Economic Security ◽  
Stable Operation ◽  
Logical Scheme ◽  
Basic Principles ◽  
Existing Problems ◽  
The Future ◽  
Methodological Aspects

The article investigates the theoretical and methodological aspects of economic security of the enterprise, in particular: the concept of economic security is clarified; the main purpose of economic security of the enterprise, which is to guarantee its stable operation now and the high potential of its development in the future; the main tasks of economic security of the enterprise which proceed from the purpose of economic security of the enterprise are characterized; the basic principles of economic security of the enterprise are investigated; indicators for assessing the level of economic security of the enterprise, in particular, sixteen relative indicators that characterize the various financial aspects of the industrial enterprise; on the basis of it the structural - logical scheme of procedure of the analysis of economic safety of the enterprise is formed and reflected. During the study, indicators for assessing the level of economic security of the enterprise were determined, in particular, an analysis of the economic security of the agro-industrial sector - PJSC "Dobrobut", which is engaged in growing cereals (except rice), legumes and oilseeds; pig breeding; providing services in crop production. In the course of the research the characteristic of the main indicators of economic security of the enterprise is carried out and their analysis is carried out, in particular indicators of profitability of the enterprise, indicators of liquidity (solvency) of the enterprise, indicators of financial stability of the enterprise. During the analysis of indicators of economic security of the enterprise problematic aspects of its financial and economic development were defined. Based on the analysis of economic security of PJSC "Dobrobut" the main directions of improving the economic security of the studied enterprise were proposed, which will be able to overcome the existing problems at the enterprise and will contribute to improving economic security at the enterprise in the future.

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