Developing the methodical approach to assessing the financial security of insurance market

Abstract

The methodical approach was developed to assess the financial security of the insurance market. This approach takes into account the structural composition of indicators and determined the average, median, mode and figure asymmetric distribution indicators to assess the financial security of insurance market as a monitoring tool to ensure the threat identification. Author determined that the preferred indicator for assessing the financial security of the insurance market is its market capitalization (share of equity capital in assets), because it can characterize the ability to withstand risks and to cover unexpected losses. Indicators of financial security of the insurance market of Ukraine during 2004 – 2015 were estimated.