Model Comprehensive Risk Assessment of the Insurance Company: Tradition and Innovation

Yulia Slepukhina ()
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Yulia Slepukhina: Ural Federal University, Russia

Eurasian Journal of Business and Management, 2015, vol. 3, issue 3, 37-42

Abstract: The article analyzes the traditional methods of evaluating financial risk arising from the insurance business, such as method correction norm of discount, method reliable equivalents, sensitivity analysis of efficiency criteria, analysis of the probability distributions, decision trees, method based on the fuzzy sets theory, and other, identified their advantages and disadvantages. In the study author proposes developed by him a model of the complex (integrated) risk assessment arising in insurance companies. It is proved that the greatest effect of risk management can be achieved by using an integrated approach to their assessment and analysis, i.e. considering different groups of risks arising from the activities of the insurance company, not abstracted from each other, and together, taking into account their mutual influence and the dynamics change.

Keywords: Insurance Company; Financial Risks; Absolute Risk; Relative Risk; Underwriting Risk; Risk of Inefficient Reinsurance; Risk of Formation of Insurance Reserves; Liquidity Risk; Interest Rate Risk; Currency Risk (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ejn:ejbmjr:v:3:y:2015:i:3:p:37-42

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