Statistical methods in investment insurance

Zhibek Omarkhanova (), Dinara Amerzhanova (), Laura Mardenova (), Anna Zayakina () and Rysty Sartova ()
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Zhibek Omarkhanova: S. Seifullin Kazakh Agro Technical University, Kazakhstan
Dinara Amerzhanova: Ekibastuz Technical and Engineering Institute named after Academician K. Satpayev, Kazakhstan
Laura Mardenova: Ekibastuz Technical and Engineering Institute named after Academician K. Satpayev, Kazakhstan
Anna Zayakina: Ekibastuz Technical and Engineering Institute named after Academician K. Satpayev, Kazakhstan
Rysty Sartova: Almaty Technological University, Kazakhstan

Entrepreneurship and Sustainability Issues, 2019, vol. 7, issue 2, 1582-1598

Abstract: The economy of Kazakhstan is becoming more and more integrated into the global economy every year, and this process will continue. Kazakhstan’s accession to the WTO has opened the insurance market to foreign insurers even more. At the same time, foreign companies have more experience in conducting insurance operations and actively apply the latest economic and statistical methods for assessing and managing risks. In the Republic of Kazakhstan, the practice of risk management of the insurance company is not widespread, which makes the results of this study relevant and of practical importance.The development of the insurance business is associated with attracting investment. In these conditions, company management is faced with a difficult task: on the one hand, they are interested in attracting additional capital to develop and improve the reliability of the business, and on the other hand, investors demand a return on invested capital no less than alternative investments can bring. Therefore, in order to answer the challenge, you need to be able to calculate the optimal amount of attracted capital, adequate to the risks of the company. The development of methods to optimize the investment strategy is an urgent problem for the development of the Kazakhstan insurance market, the solution of which is also reflected in this article.

Keywords: insurance; statistical methods; insurance market (search for similar items in EconPapers)
JEL-codes: G22 G24 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:7:y:2019:i:2:p:1582-1598

DOI: 10.9770/jesi.2019.7.2(55)

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