Development of approaches to identification of systemic importance of insurance companies
The article is devoted to systemically important insurance organizations, problems of their identification, identification of vulnerabilities to financial security threats, risks of money laundering and terrorist financing. The authors proposed a new criterion for the systemic importance of insuranc...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
EDP Sciences
2021-01-01
|
| Series: | SHS Web of Conferences |
| Online Access: | https://www.shs-conferences.org/articles/shsconf/pdf/2021/21/shsconf_icemt2021_01048.pdf |
| _version_ | 1818739747284058112 |
|---|---|
| author | Ignatova Tatiana Alifanova Elena Evlakhova Yulia Alexanis Christos |
| author_facet | Ignatova Tatiana Alifanova Elena Evlakhova Yulia Alexanis Christos |
| author_sort | Ignatova Tatiana |
| collection | DOAJ |
| description | The article is devoted to systemically important insurance organizations, problems of their identification, identification of vulnerabilities to financial security threats, risks of money laundering and terrorist financing. The authors proposed a new criterion for the systemic importance of insurance companies (links with systemically important banks), which, together with the existing indicators, can be used in identifying both global and national systemically important insurers. Using the example of the links of Russian insurers through the ownership structure with Russian systemically important credit institutions, the possibilities of applying this criterion were shown: the pairs of links in the Russian market and the types of links between organizations were identified, the selection of insurance companies was carried out. As a result of the study, the authors compiled a list of Russian insurers that can be considered systemically important in the Russian financial market. General vulnerabilities of systemically important insurance and credit organizations were determined based on the analysis of reports on the national assessment of money laundering and terrorist financing risk. The obtained results can be used by state bodies for regulating the financial market and financial monitoring when developing a policy for regulating the insurance sector. |
| first_indexed | 2024-12-18T01:29:45Z |
| format | Article |
| id | doaj.art-87590eebbd9d42179081670f1bf3b75d |
| institution | Directory Open Access Journal |
| issn | 2261-2424 |
| language | English |
| last_indexed | 2024-12-18T01:29:45Z |
| publishDate | 2021-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | SHS Web of Conferences |
| spelling | doaj.art-87590eebbd9d42179081670f1bf3b75d2022-12-21T21:25:38ZengEDP SciencesSHS Web of Conferences2261-24242021-01-011100104810.1051/shsconf/202111001048shsconf_icemt2021_01048Development of approaches to identification of systemic importance of insurance companiesIgnatova Tatiana0Alifanova Elena1Evlakhova Yulia2Alexanis Christos3Russian Presidential Academy of National Economy and Public AdministrationRostov State University of EconomicsRostov State University of EconomicsESC Rennes School of BusinessThe article is devoted to systemically important insurance organizations, problems of their identification, identification of vulnerabilities to financial security threats, risks of money laundering and terrorist financing. The authors proposed a new criterion for the systemic importance of insurance companies (links with systemically important banks), which, together with the existing indicators, can be used in identifying both global and national systemically important insurers. Using the example of the links of Russian insurers through the ownership structure with Russian systemically important credit institutions, the possibilities of applying this criterion were shown: the pairs of links in the Russian market and the types of links between organizations were identified, the selection of insurance companies was carried out. As a result of the study, the authors compiled a list of Russian insurers that can be considered systemically important in the Russian financial market. General vulnerabilities of systemically important insurance and credit organizations were determined based on the analysis of reports on the national assessment of money laundering and terrorist financing risk. The obtained results can be used by state bodies for regulating the financial market and financial monitoring when developing a policy for regulating the insurance sector.https://www.shs-conferences.org/articles/shsconf/pdf/2021/21/shsconf_icemt2021_01048.pdf |
| spellingShingle | Ignatova Tatiana Alifanova Elena Evlakhova Yulia Alexanis Christos Development of approaches to identification of systemic importance of insurance companies SHS Web of Conferences |
| title | Development of approaches to identification of systemic importance of insurance companies |
| title_full | Development of approaches to identification of systemic importance of insurance companies |
| title_fullStr | Development of approaches to identification of systemic importance of insurance companies |
| title_full_unstemmed | Development of approaches to identification of systemic importance of insurance companies |
| title_short | Development of approaches to identification of systemic importance of insurance companies |
| title_sort | development of approaches to identification of systemic importance of insurance companies |
| url | https://www.shs-conferences.org/articles/shsconf/pdf/2021/21/shsconf_icemt2021_01048.pdf |
| work_keys_str_mv | AT ignatovatatiana developmentofapproachestoidentificationofsystemicimportanceofinsurancecompanies AT alifanovaelena developmentofapproachestoidentificationofsystemicimportanceofinsurancecompanies AT evlakhovayulia developmentofapproachestoidentificationofsystemicimportanceofinsurancecompanies AT alexanischristos developmentofapproachestoidentificationofsystemicimportanceofinsurancecompanies |