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Liburkina L. M.

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The Mechanism for Managing the Financial Reliability of Insurers
Kulyna H. M., Hrehorashchuk I. L.

Kulyna, Halyna M., and Hrehorashchuk, Ihor L. (2026) “The Mechanism for Managing the Financial Reliability of Insurers.” Business Inform 3:424–434.
https://doi.org/10.32983/2222-4459-2026-3-424-434

Section: Finance, Money Circulation and Credit

Article is written in Ukrainian
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UDC 368.07

Abstract:
The aim of the article is the theoretical substantiation and comprehensive conceptualization of the mechanism for managing the financial reliability of an insurer through the definition of its essence and structural elements. Based on the systematization of management objects, an authorial definition of the concept of «management of an insurer’s financial reliability» is proposed, and its specific characteristics are highlighted, allowing a clear distinction of this process from related categories such as solvency management, financial stability, and financial security. It is proved that the mechanism for managing an insurer’s financial reliability is a combination of interrelated goals, principles, methods, tools, organizational and regulatory support, through which management subjects exert comprehensive influence on the solvency, financial stability, and financial security of the insurance company. This ensures its ability to consistently fulfill obligations, adapt to changes in the internal and external environment, and shape the financial potential for long-term development. As a result of the study, an authors’ vision of the structure of the management mechanism for an insurer’s financial reliability is proposed, with the allocation of strategic-target, organizational-managerial, functional-elemental, result-control subsystems and support subsystems, as well as methods, levers, and tools for the said management. Special attention is given to the characteristics of the main subsystems and structural elements of the financial reliability management mechanism of insurance companies. Prospects for further scientific research are seen in the development of the comprehensive methodological tools for assessing the financial reliability of insurance companies and substantiating the strategic directions for improving its management, which will ensure the stability of the insurance market under conditions of dynamic institutional transformations.

Keywords: management of the insurer’s financial reliability; management of financial security; management of financial stability; management of solvency; management mechanism; subsystems; methods; levers and tools of the management mechanism; insurance company.

Fig.: 1. Tabl.: 1. Bibl.: 11.

Kulyna Halyna M. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Financial Technologies and Banking Business, West Ukrainian National University (11 Lvivska Str., Ternopil, 46009, Ukraine)
Email: [email protected]
Hrehorashchuk Ihor L. – Postgraduate Student, Department of Financial Technologies and Banking Business, West Ukrainian National University (11 Lvivska Str., Ternopil, 46009, Ukraine)
Email: [email protected]

List of references in article

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