INTERNATIONAL RATING AGENCIES APPROACHES TO THE EVALUATION OF INSURANCE COMPANIES
Growing need for an independent evaluation of the performance results of insurance companies is due to the need to meet the needs of stakeholders to reliable information about the evaluation results of insurers. It makes sense to study the approaches of international rating agencies to assess insura...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
FINTECH Alliance LLC
2017-12-01
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| Series: | Фінансово-кредитна діяльність: проблеми теорії та практики |
| Subjects: | |
| Online Access: | https://fkd.net.ua/index.php/fkd/article/view/1644 |
| _version_ | 1797726294493888512 |
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| author | S. A. Achkasova Zhanna O. Andriichenko Viktor A. Smoliak |
| author_facet | S. A. Achkasova Zhanna O. Andriichenko Viktor A. Smoliak |
| author_sort | S. A. Achkasova |
| collection | DOAJ |
| description | Growing need for an independent evaluation of the performance results of insurance companies is due to the need to meet the needs of stakeholders to reliable information about the evaluation results of insurers. It makes sense to study the approaches of international rating agencies to assess insurance companies. In the article the list of users (investors and management of insurance companies, insurance consumers and reinsurers) and purposes of rating insurance companies by international rating agencies, depending on the users of its results were deterined. The article presents a description of methods of international rating agencies: A. M. Best, Moody's Investors Service, Standard & Poor's, Fitch Ratings, which are used by insurance companies in Ukraine to determine the requirements for non–resident reinsurers. Analyzed methods of the international rating agencies: A. M Best, Moody's Investors Service, Standard & Poor's, Fitch Ratings on the main directions of evaluation scales and criteria of international rating agencies of long–term financial reliability (stability) of insurers provided to determine the most informative method for users is methods of international rating agency Standard & Poor's. |
| first_indexed | 2024-03-12T10:43:32Z |
| format | Article |
| id | doaj.art-5fd3e13f2fad428bbe1aad471bebf6bf |
| institution | Directory Open Access Journal |
| issn | 2306-4994 2310-8770 |
| language | English |
| last_indexed | 2024-03-12T10:43:32Z |
| publishDate | 2017-12-01 |
| publisher | FINTECH Alliance LLC |
| record_format | Article |
| series | Фінансово-кредитна діяльність: проблеми теорії та практики |
| spelling | doaj.art-5fd3e13f2fad428bbe1aad471bebf6bf2023-09-02T07:48:41ZengFINTECH Alliance LLCФінансово-кредитна діяльність: проблеми теорії та практики2306-49942310-87702017-12-0122310.18371/fcaptp.v2i23.121317INTERNATIONAL RATING AGENCIES APPROACHES TO THE EVALUATION OF INSURANCE COMPANIESS. A. Achkasova0Zhanna O. Andriichenko1Viktor A. Smoliak2Simon Kuznets Kharkiv National University of EconomicsSimon Kuznets Kharkiv National University of EconomicsSimon Kuznets Kharkiv National University of EconomicsGrowing need for an independent evaluation of the performance results of insurance companies is due to the need to meet the needs of stakeholders to reliable information about the evaluation results of insurers. It makes sense to study the approaches of international rating agencies to assess insurance companies. In the article the list of users (investors and management of insurance companies, insurance consumers and reinsurers) and purposes of rating insurance companies by international rating agencies, depending on the users of its results were deterined. The article presents a description of methods of international rating agencies: A. M. Best, Moody's Investors Service, Standard & Poor's, Fitch Ratings, which are used by insurance companies in Ukraine to determine the requirements for non–resident reinsurers. Analyzed methods of the international rating agencies: A. M Best, Moody's Investors Service, Standard & Poor's, Fitch Ratings on the main directions of evaluation scales and criteria of international rating agencies of long–term financial reliability (stability) of insurers provided to determine the most informative method for users is methods of international rating agency Standard & Poor's.https://fkd.net.ua/index.php/fkd/article/view/1644international rating agenciesusers of evaluation resultsobjectives of ratinglong–term financial reliability (stability)insurance companydirections of evaluation |
| spellingShingle | S. A. Achkasova Zhanna O. Andriichenko Viktor A. Smoliak INTERNATIONAL RATING AGENCIES APPROACHES TO THE EVALUATION OF INSURANCE COMPANIES Фінансово-кредитна діяльність: проблеми теорії та практики international rating agencies users of evaluation results objectives of rating long–term financial reliability (stability) insurance company directions of evaluation |
| title | INTERNATIONAL RATING AGENCIES APPROACHES TO THE EVALUATION OF INSURANCE COMPANIES |
| title_full | INTERNATIONAL RATING AGENCIES APPROACHES TO THE EVALUATION OF INSURANCE COMPANIES |
| title_fullStr | INTERNATIONAL RATING AGENCIES APPROACHES TO THE EVALUATION OF INSURANCE COMPANIES |
| title_full_unstemmed | INTERNATIONAL RATING AGENCIES APPROACHES TO THE EVALUATION OF INSURANCE COMPANIES |
| title_short | INTERNATIONAL RATING AGENCIES APPROACHES TO THE EVALUATION OF INSURANCE COMPANIES |
| title_sort | international rating agencies approaches to the evaluation of insurance companies |
| topic | international rating agencies users of evaluation results objectives of rating long–term financial reliability (stability) insurance company directions of evaluation |
| url | https://fkd.net.ua/index.php/fkd/article/view/1644 |
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