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

Author

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  • Nikolay Tikhomirov
  • Tatiana Tikhomirova
  • Eldar Khamitov
  • Vladimir Ponomarev

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.

Suggested Citation

  • Nikolay Tikhomirov & Tatiana Tikhomirova & Eldar Khamitov & Vladimir Ponomarev, 2017. "Models of Assessment of the Influnce of Insurance Assets Securitization on Stability of Mutual Insurance Societies," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 321-333.
    • Handle: RePEc:ers:journl:v:xx:y:2017:i:2b:p:321-333
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    File URL: http://www.ersj.eu/repec/ers/papers/17_2_B_p20.pdf
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    Cited by:

    1. Irina L. Logvinova & Yury B. Rubin & Mikhail V. Lednev & Daniel P. Mozhzhukhin, 2022. "Mutual insurance in the entrepreneurial landscape," Journal of Innovation and Entrepreneurship, Springer, vol. 11(1), pages 1-12, December.

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    More about this item

    Keywords

    mutual insurance; securitization; stability; risk; financial flow; probability of default; insurance premium.;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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