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Modelling and risk management in JSC Ukrainian Joint Stock Insurance Company ASKA-LIFE

Author

Listed:
  • Kvita Halyna M.

    (Kyiv National University of Technologies and Design)

  • Shikovets Kateryna O.

    (Kyiv National University of Technologies and Design)

  • Klymenko Yuliya I.

    (Kyiv National University of Technologies and Design)

Abstract

The article considers a topical issue of assessment of a risk and its management using specific economic object. When detecting and managing risks, it is necessary to analyse a risk situation through allocation of objects (economic systems, efficiency and conditions of functioning of which are not identified properly), subjects (individuals or collectives that are interested in the result of risk management) and sources of risk (factors, phenomena and processes, which are characterised with an uncertainty of the result of activity). In the result of the conducted study a risk management programme was developed and implemented at the economic object and this programme consists of the following stages: detection of factors and risk formation; risk assessment; ranking and selection of those risks for which active methods of management are used; selection of methods of influence upon risks and efficiency of their use.

Suggested Citation

  • Kvita Halyna M. & Shikovets Kateryna O. & Klymenko Yuliya I., 2013. "Modelling and risk management in JSC Ukrainian Joint Stock Insurance Company ASKA-LIFE," Business Inform, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics, issue 10, pages 107-112.
    • Handle: RePEc:idp:bizinf:y:2013:i:10:p:107_112
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