Please use this identifier to cite or link to this item: http://essuir.sumdu.edu.ua/handle/123456789/66317
Or use following links to share this resource in social networks: Recommend this item
Title A Discriminant Analysis of Insurance Companies in Ukraine
Authors Kremen, Viktoriia Mykhailivna  
Riashchenko, V.
Bochkarova, T.
ORCID http://orcid.org/0000-0002-5286-050X
Keywords insurance company
financial status
discriminatory analysis
discriminatory function
страхова компанія
страховая компания
фінансовий стан
финансовый статус
дискримінаційний аналіз
дискриминационный анализ
дискримінаційна функція
дискриминационная функция
Type Article
Date of Issue 2017
URI http://essuir.sumdu.edu.ua/handle/123456789/66317
Publisher Sumy State University
License
Citation Kremen V., Riashchenko V., Bochkarova T. (2017). A Discriminant Analysis of Insurance Companies in Ukraine. Financial Markets, Institutions and Risks, 1(4), 65-73. DOI: 10.21272/fmir.1(4).65-73.2017
Abstract Determining and forecasting the financial situation of insurance companies of Ukraine has become an important issue of financial supervision in view of the need to ensure the sustainability of the financial sector and reduce the negative impact of the insolvency of insurance companies. Given the significant number of bankruptcies of insurance companies in Ukraine in recent years, a discriminatory method may be applied to improve off-site financial supervision. The paper analyzes the advantages and disadvantages of discriminatory models developed for companies producing goods and providing non-financial services to banking institutions and insurance companies. It is substantiated that in order to improve the quality of estimation and forecasting of the financial state of insurance companies in Ukraine, the development of a discriminant model should take into account the domestic specificity of the insurance business. The scientific work defines the stages of development and testing of the quality of a discriminant model for determining the financial status of insurance companies in Ukraine. For the development of a discriminant model, taking into account the existing statistical base, 31 indicators of activity of 12 insurance companies for 2015 were selected. The selection of statistical indicators for use as factors in a discriminant model was performed on the basis of a two-choice F-test, a Farrar-Globard algorithm, a matrix of pair coefficients of correlation. A discriminatory model for determining the financial status of insurance companies in Ukraine included net returns on equity, asset turnover ratios, insurance risk rates, and changes in equity. The application of the model allows you to determine whether the insurance company has a satisfactory or unsatisfactory financial condition. Approval of the developed discriminant model has proven its high quality.
Appears in Collections: Financial Markets, Institutions and Risks (FMIR)

Views

Chile Chile
1
China China
283034452
Côte d’Ivoire Côte d’Ivoire
1
Germany Germany
13710620
Ireland Ireland
1193054504
Lithuania Lithuania
1
Netherlands Netherlands
9959
Singapore Singapore
12649647
Sweden Sweden
92364
Ukraine Ukraine
177796
United Kingdom United Kingdom
1370999319
United States United States
283034451
Unknown Country Unknown Country
126416290
Vietnam Vietnam
184729

Downloads

China China
283034450
France France
1
Germany Germany
51160
Ireland Ireland
38754606
Lithuania Lithuania
1370999324
Luxembourg Luxembourg
1
Namibia Namibia
1
Pakistan Pakistan
1
Ukraine Ukraine
1886221320
United Kingdom United Kingdom
116820
United States United States
1344348544
Unknown Country Unknown Country
126416291
Vietnam Vietnam
1

Files

File Size Format Downloads
Discriminant_Riashchenko.pdf 829,66 kB Adobe PDF 754975224

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.