INNOVATIVE METHODOLOGY IN FINANCIAL ANALYSIS OF INSURANCE ORGANIZATIONS
Insurance, which is one of the main avenues of economic diversification, is also important financial and protection mechanism. In order to maintain the activity of insurance organizations and protect them from possible risks, regular financial analysis should be conducted, measures should be take...
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| Format: | Article |
| Language: | English |
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Universytet imeni Alfreda Nobelya
2023-02-01
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| Series: | Akademičnij Oglâd |
| Subjects: | |
| Online Access: | https://acadrev.duan.edu.ua/images/PDF/2023/1/7.pdf |
| Summary: | Insurance, which is one of the main avenues of economic diversification, is also important
financial and protection mechanism. In order to maintain the activity of insurance organizations and
protect them from possible risks, regular financial analysis should be conducted, measures should be
taken to make sound financial decisions and protect financial stability. Especially in the new market
economy countries, where the “insurance culture” has been not fully formed, financial analysis of
insurance organizations can make an important contribution both to strengthening the stability of
the country’s financial system and to increasing the confidence of the population in the activities
of insurance organizations. In this regard, the theoretical part of the article examines the historical
development and modern state of the insurance market in Azerbaijan as a new open market economy
country, as well as important state regulations related to financial stability. In the study, the financial
analysis of insurance organizations has been conducted on the basis of the specifics of financial analysis
in insurance organizations and the recommended financial ratios. The interpretation of the results and
the opportunities to improve the financial indicators of the companies have been emphasized. |
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| ISSN: | 2074-5354 2522-9745 |