ESTIMATION OF FINANCIAL RELIABILITY OF THE INSURANCE COMPANY

Abstract

The article considers the assessment of the financial reliability of the insurance organization. It is shown that the financial reliability of the insurance organization is a comprehensive indicator and depends on a number of factors. The classification of financial reliability factors on the basis of the possibility of management and depending on direct and indirect influence is considered. Approaches to assessing the financial reliability of an insurance organization, which use both single indicators and scorecards, are considered, their advantages and disadvantages are determined. It is shown that the advantage of using integrated indicators is the ease of use and the ability to take into account various factors. To assess the financial reliability of the insurance organization, the use of the Harrington model is recommended and a list of model factors is defined.

Keywords

• financial reliability
• insurance organization
• financial reliability assessment of the insurance organization
• integral indicator