National Aerospace University Researchers Provide New Study Findings on Sustainability Research (Ensuring the Financial Sustainability of Insurance Companies in the Face of Global Challenges)

2021 MAR 09 (NewsRx) -- By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily -- Fresh data on sustainability research are presented in a new report. According to news originating from National Aerospace University by NewsRx editors, the research stated, “The article is aimed at analyzing the financial sustainability of insurance companies in dynamics, identifying the factors of influence upon it, determining the peculiarities of its provision in the face of global challenges.”

The news journalists obtained a quote from the research from National Aerospace University: “Global challenges, one of which is the modern pandemic resulting in the introduced socio-behavioral restrictions, caused a decline in business activity of economic entities, which significantly affected the insurance market and actualized the analysis and provision of financial sustainability of insurance companies. As result of the study, liquidity coefficients of insurance reserves, independence and financial autonomy are computed as the main indicators of financial sustainability. The analysis of the dependence of the of risk of insurance coefficient, the risk retention coefficient, the coefficient of unprofitableness of insurance operations, the profitability of sale coefficient from the proportion of ground transport insurance, the proportion of insurance of other property, the proportion of compulsory insurance of civil liability of owners of land vehicles is carried out. The criteria for ensuring financial sustainability and appropriate measures to strengthen it in the face of global challenges are proposed.”

According to the news reporters, the research concluded: “Prospects for further research in this direction are the analysis of changes in the behavior of insurance companies in order to identify patterns of behavior of insurers during certain global challenges and megacrises.”

For more information on this research see: Ensuring the Financial Sustainability of Insurance Companies in the Face of Global Challenges. Biznes Inform, 2020,11(514):371-378. (Biznes Inform - http://www.business-inform.net). The publisher for Biznes Inform is Research Centre of Industrial Problems of Development of NAS of Ukraine.

A free version of this journal article is available at https://doi.org/10.32983/2222-4459-2020-11-371-378.

Our news editors report that additional information may be obtained by contacting Tatar Maryna S., National Aerospace University <> named after M. Ye. Zhukovskiy.

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