Analysis of Financial Stability of the Insurance Market in Novosibirsk Region

Mikhail Chernyakov, Olesya Usacheva, Natalia Aksenova

2021

Abstract

The current state of the insurance market is characterized by a high degree of instability. The financial stability of insurance companies is influenced by a large number of factors, such as the number of contracts, payout ratio, capital structure, profitability and underwriting risk. The insurance industry acts as a protective barrier for the country's economy from the effects of various risks, at the same time, the financial stability of insurance companies is also subject to the influence of risks. The volume of scientific publications indicates the presence of a steady interest in this problem. However, there is no methodology to establish the relationship between financial stability and multiple factors influencing it. Our research is aimed at identifying links and determining the influence of factors on the financial stability of insurance companies. We assumed that the factors that change the financial stability of the insurance market can be identified and assessed using a forward-looking analysis of the paradoxical theory of regulation. Based on this analysis, a regression model was formed for the insurance market of the Novosibirsk region, which can form the basis for predicting the financial stability of insurance companies.

Paper Citation

in Harvard Style

Chernyakov M., Usacheva O. and Aksenova N. (2021). Analysis of Financial Stability of the Insurance Market in Novosibirsk Region. In Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure - Volume 1: ISSDRI, ISBN 978-989-758-519-7, pages 241-250. DOI: 10.5220/0010588802410250

in Bibtex Style

@conference{issdri21,
author={Mikhail Chernyakov and Olesya Usacheva and Natalia Aksenova},
title={Analysis of Financial Stability of the Insurance Market in Novosibirsk Region},
booktitle={Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure - Volume 1: ISSDRI,},
year={2021},
pages={241-250},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010588802410250},
isbn={978-989-758-519-7},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure - Volume 1: ISSDRI,
TI - Analysis of Financial Stability of the Insurance Market in Novosibirsk Region
SN - 978-989-758-519-7
AU - Chernyakov M.
AU - Usacheva O.
AU - Aksenova N.
PY - 2021
SP - 241
EP - 250
DO - 10.5220/0010588802410250