Pages: 300-306
Published: 30.03.2018
Abstract: The strategic aspects of financial stability management in insurance companies are considered in the article. The existing mechanisms and approaches to ensure financial stability in insurance organizations and companies in the context of global impacts and transformations of the global insurance market are analyzed. The elements and criteria of stability of the main components of the financial stability management system of insurance companies are considered. The effectiveness of the mechanisms of the cash flow management system in insurance has been studied and evaluated. Methods for evaluating and improving the financial stability of insurance companies are considered. The processes of increasing the efficiency of management of financial resources of insurance organizations in the current difficult situation are analyzed. The necessity of increasing the reliability of the solvency control system in the system of financial monitoring of insurance companies and the organization of accounting, reliability and transparency of reporting in insurance companies is substantiated. The legislative base of insurance and insurance activity in Azerbaijan is considered. The strategic aspects of ensuring the financial stability of insurance companies in the context of strategic road maps were analyzed and evaluated. A number of recommendations and proposals on strategic aspects of managing financial stability in insurance companies in modern conditions are summarized and made.
Key words: insurance, financial stability, financial stability management in insurance companies, insurance system of Azerbaijan, insurance companies of Azerbaijan.
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