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Finance and Credit
 

Innovation methods of financial risk management in insurance company

Vol. 15, Iss. 2, JANUARY 2009

Available online: 20 August 2009

Subject Heading: Risk management

JEL Classification: 

Beznoshchenko D.V. post-graduate of Finance Academy under the Government of the Russian Federation
dianafa2003@mail.ru

In the 70-80-ies of the XX-th century western specialists dealing with financial risk management developed new complex risk indices, including economic value added and risk-corrected return on equity, based on which the whole systems of management of companies and their CEO’s motivation were built.
     The positive experience of application of these indices in management systems of many foreign companies, including insurance companies, permits to conclude that an efficient application of new methods of financial risk management in Russian insurance companies is feasible.

Keywords: risk management, tax, risk, taxpayer, estimation criterion

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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