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Impact Assessment Of Various Factors On Financial Stability Of Insurance Company

Table 3:

Subgroup of factors Fi / key indicator Key indicator significance level βi
EXTERNAL FACTORS
F1 Political and legal factors
international events 4.2
tax policy 2.5
regulation of the insurance market 5.7
F2 Economic factors
inflation rate 7.1
concentration level of the insurance market 6.4
state of economic development of the country 8
dynamics of the percentage of bank deposits 4.4
F3 Social factors
level of insurance fraud on the part of policyholders 2
level of income of the population 7.2
Intrinsic factors
F4 Finance
dependence on the reinsurance market 1.5
equity 3.9
insurance reserves 7.2
sustainability of the insurance portfolio 8.6
sustainability of the investment portfolio 2.1
level of costs of doing business 3.8
amount of insurance premiums collected 7.9
F5 Customers
tariff policy 7.7
service maintenance 5.9
sales policy 6.9
assortment of insurance products 4.6
image of the insurer 7.9
F6 Internal business processes
use of information technology 6.4
formation of personnel policy 5.5
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