category the «competitiveness of insurance company» consists in the achievement of
positive financial results due to efficiency of all types of activity in the conditions of
changeable competition environment [16], success of system management of insurance
company a competitiveness in modern terms is stipulated by the economic base of
conduct of activity that is determined by the newest progress of insurance market
trends, where the most essential methods of management are an estimation and analysis
of competitiveness, planning and creation of effective strategies, method of financial
firmness, marketing strategy that will provide collection and analysis of market
condition. Use of that not only allows to accept reasonable decisions but also in a result
allows to improve financial indexes and heave up the level of competitiveness of
insurance company. Embodiment of the above-mentioned methods, and also their
improvement is possible only at the complex going near the put tasks.
Quantitative and qualitative evaluation is the important element of general control
system by the competitiveness of insurance company, the methodical base of that
requires deepening and adaptation to the terms of modern domestic insurance market.
The comprehensive assessment of the insurance company's competitiveness
management envisages determination of factors of influence on her level. At the same
time, the analysis of literary sources makes it possible to draw the following
conclusions:
−
different authors depending on the scientific looks and sphere of interests
ground the different set of factors that determine a competitiveness;
−
the competitiveness of insurer is determined by totality of factors that
characterize effectiveness his activity at the market and attributes of quality of
insurance services;
−
the competitiveness of insurance foods is determined by totality of factors,
that determine their quality, price, availability for a client;
−
it is possible to consider a market of insurer (insurance service) share and
indexes related to her the final criterion of estimation of management of insurance
company a competitiveness.
Study of professional literature [1-14; 17-30] and a systematic synthesis of
existing developments, allows us to determine the key factors of ensuring and raising
the level of competitiveness of an insurance company:
−
financial provision of insurer, that is characterized by the indexes of
financial stability, profitability, solvency, business activity;
−
efficiency of operating activity, where a basic role is played by the prime
price of insurance services, volume and structure of insurance portfolio, underwriting
work, settlement of losses, application of services of the third organizations and
assistance companies, level of automation and updating of the informative systems,
qualification of personnel and productivity;
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