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Finance and Credit
 

An analysis of economic growth stability based on insurance company's financial statements

Vol. 22, Iss. 25, JULY 2016

PDF  Article PDF Version

Received: 18 April 2016

Received in revised form: 19 May 2016

Accepted: 3 June 2016

Available online: 18 July 2016

Subject Heading: Insurance

JEL Classification: G22, G32, M21

Pages: 52-60

Moskaleva E.G. Ogarev Mordovia State University, Saransk, Republic of Mordovia, Russian Federation
Moskaleva_EG@list.ru

Importance The article offers basic techniques of the analysis of economic growth sustainability for developing and taking sound decisions by the management of insurance companies.
Objectives The study aims to build methodological approaches to assess the ability of insurance companies to develop and maintain the required level of economic growth.
Methods Based on the analysis of works of leading experts on assessment of insurance companies' financial standing, I have developed a technique to study the sustainable economic growth of insurance companies subject to industry specifics and requirements of accounting and insurance legislation.
Results I offer and test a methodology to analyze the sustainable economic growth of insurance companies based on public financial statements data. The method helps obtain adequate information about shortcomings in operations inhibiting the insurance business efficiency.
Conclusions and Relevance Focusing on such an important aspect as the management of sustainable economic growth will enable insurance companies to minimize the threat of financial instability, a slowdown in business growth and lowering the profitability and efficiency.

Keywords: sustainability, economic growth, analysis, insurance

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