ANALYSIS OF THE PRACTICE OF ORGANIZING THE RISK MANAGEMENT MECHANISM IN ENSURING THE FINANCIAL STABILITY OF INSURANCE COMPANIES
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Abstract
This article provides a comprehensive analysis of the practice of establishing a risk management mechanism in ensuring the financial stability of insurance companies. Also, under the conditions of the Pandemic, the share of insurance premiums is expected to decrease by 3.6 percentage points in 2021, while insurance companies of developing countries will suffer more losses. This gives priority to the timely fulfillment of obligations to creditors and insured by ensuring the financial stability of insurance companies, and shows the need for insurance companies to make decisions on increasing investment opportunities through the rational use of limited financial resources.
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