Models of Assessment of the Influnce of Insurance Assets Securitization on Stability of Mutual Insurance Societies

Abstract

The article reviews approaches to assessing the effectiveness of the mechanism of insurance assets securitization used to enhance the financial stability of the mutual insurance society, determined by the level of probability of its default. The approaches are based on the methods of simulation modeling of the financial flows of the society formed taking into account the patterns of random payments, deterministic premiums, proceeds and securitization costs. Following the results of a series of simulation experiments, the peculiarities of the influence of securitization on stability of a MIS are identified, and recommendations for its use are justified. The estimates of the costs of structuring the transaction are obtained, based on which a certain minimum volumes of securitization are determined, at which its use is appropriate.

Expert Evaluation of the Risks in Coal-Mining Enterprises Based on Fuzzy Logic

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“…A number of specialists believe that in addition to the above methods, math simulation ensures greater reliability of the result obtained [9].…”

Expert Evaluation of Ecological and Economic Risks of Implementing Engineering Innovations by Coal-Mining Enterprises Based on Fuzzy Logic

“…An important problem of an adequate calculation of environmental and economic risks is the choice of a method for assessing the likelihood of an adverse event. In practice, the most common are three main methods [9]: 1) statistical -is based on the analysis of statistical data on similar events that occurred at similar sites in a given territory;…”

“…For the most qualitative and accurate evaluation of the probability of occurrence of adverse events, it is necessary to use all methods simultaneously with checking the convergence of the results. A number of specialists believe that in addition to the above methods, math simulation ensures greater reliability of the result obtained [9].…”

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“…Analysis recent research and publications. Theoretical and methodological bases of functioning of the market of insurance services and organization of activity of insurance companies on it, the study of issues of the current state of the insurance market, the nature and role of insurance, prospects for further development, devoted to the work of such domestic and foreign scientists and practitioners as: Sibirskaya, E., Khokhlova, O., Oveshnikova, L., Tulinova, E. [1], Tikhomirov, N., Tikhomirova, T., Khamitov, E., Ponomarev, V. [2], and other scientists who fruitfully work on the solution of economic, financial and public administrations of the insurance market. In paying due attention to the existing developments and not diminishing their importance, attention should be paid to assessing trends and problems of functioning of the world and domestic insurance services market in the context of changing the paradigm of its development, as well as outlining ways to unify domestic practice of insurance business with international in order to maintain its competitiveness financial environment.…”