It is therefore expedient to study the indicators of competitiveness of the current
insurer, which will be carried out on the basis of data of the IC "Alfa-Garant", since
2003 working in the insurance market and offers a wide range of insurance services for
individuals and legal entities. The company is among the top 20 Ukrainian insurers in
terms of assets, equity, insurance reserves, awarded with a special industry premium
"Ukrainian Financial Olympus" in the nomination "Financial reliability", according to
the Charter, the authorized capital made by the participants in the funds is 85 000 000
UAH.
Analytical research of indexes of competitiveness of insurance company "Alfa-
Garant" for 2015 - 2017 the results of that are given in a table 2, shows that during the
investigated period, we observe an increase in the level of indicators of business
activity, load factor and reserve leverage, the indicator of income recovery compared
to 2015 ( -0.05) decreased to -0.09.
Table 2 Indicators of competitiveness of IC "Alfa-Garant" for 2015 - 2017
Indicator
2015 2016
2017
Divergence
(2016/2015)
R
ate of
grow
th, %
(2016
/2015)
Divergence
(2017/2016)
R
ate of
grow
th, %
(2017
/2016)
Absolut
e
R
elative, %
Absolut
e
R
elative, %
Value property
equity and share
capital
1.87
1.17
1.23
-0.70
62.57
-37.43
0.06
105.13
5.13
Indicators of own
funds
7.34
2.95
3.12
-4.39
40.19
-59.81
0.17
105.76
5.76
Reserve leverage
0.14
0.34
0.32
0.20
242.86 142.86 -0.02
94.12
-5.88
Index of
generating of
profits
-0.05
0.13
-0.09
0.18
260
360
-0.22
-69.2
-169.2
Load factor
0.64
0.84
0.86
0.20
131.25
31.25
0.02
102.38
2.38
Business activity
0.30
0.64
0.74
0.34
213.33 113.33
0.10
115.63
15.63
Indicator
endurance of
company
1.37
1.63
1.26
0.26
118.98
18.98
-0.37
77.30
-22.70
Source: calculated by the author according to [31]
Note that the normative value of the index of maintenance of own funds should
be equal to or greater than "1", it indicates that all insurance reserves of the insurer are
provided with own funds. As you can see, IC "Alfa-Garant" adheres to the normative
meaning and in the last 2 years (2016 and 2017) it even exceeds it. This is a positive
factor, which confirms the sufficient level of financial security of the insurance
company. At the same time, the overall change in the ratio of equity and statutory
capital, equity and endurance of the company is also negative. The most significant
- 647 -