Uman NUH | today: 12/21/2024
| Author(s) |
Пономаренко О. В., , , Ясінський О. Р., , , |
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|---|---|---|---|
| Category | Economics | ||
| year | 2024 | issue | Issue 105 part 2 |
| pages | 150-162 | index UDK | 368.021 | DOI | 10.32782/2415-8240-2024-105-2-150-162 (Link) |
| Abstract | In the context of current economic and social challenges, particularly the ongoing hostilities in Ukraine, there is an urgent need to reassess and optimize insurance portfolios to address emerging risks and shifts in the demand for insurance services. Military operations have significantly heightened uncertainty, notably in terms of physical damage, threats to life, health, and property, as well as the instability of the national financial system. Insurers are confronted with the critical challenge of adapting their portfolios to these new conditions to ensure financial stability and adequately meet clients' demands for reliable risk protection. The primary objective is to achieve a balance between portfolio diversification, risk mitigation, and maintaining the insurer's solvency amidst financial challenges and transformational processes. The article examines the process of insurance portfolio formation within the current financial environment, which is characterized by heightened uncertainty and risk. Emphasis is placed on the critical importance of making strategic decisions regarding the structure of the insurance portfolio to ensure the financial security of individuals and organizations. Key aspects, influencing factors, and innovative trends that shape contemporary approaches to insurance portfolio management are analyzed. The study consolidates strategies and optimization methods aimed at enhancing the efficiency and resilience of insurance operations. Particular attention is given to the significance of meticulous risk management, the strategic allocation of insurance products, and the integration of technological solutions to support data-driven decision-making. The findings underscore the necessity of a comprehensive understanding of risk factors, rigorous assessment of performance metrics, and the adoption of advanced technological tools to construct robust and sustainable insurance portfolios. | ||
| Key words | insurance portfolio, optimization, risk, diversification, innovation, underwriting, reinsurance, challenges | ||