Actual problems of innovative economy and law

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Analysis of theoretical approaches to the concept of “financial stability of insurance companies”

# 32 152-157 Download/view the full text of the article

УДК: 336-21.387:368(477)

DOI: https://doi.org/10.36887/2524-0455-2026-2-32

Smirnov Ihor,
Postgraduate student of the Department of Accounting and Finance,
National Technical University “Kharkiv Polytechnic Institute”,
https://orcid.org/0009-0006-6241-3689

Published: 31.05.2026

In the conditions of modern realities, which are characterized by globalization and a significant level of turbulence in the world as a whole, a high level of instability of the national economy and in particular its financial sector, which are caused by the presence of martial law for a long period of time and all the problems that arise as a result of the interruption of many communications, intensive global technological development, reduction in the volumes of activity of many business entities on the territory of Ukraine, decrease in profitability both of the economy as a whole and of individual legal entities, as a result all this contributes to the growing relevance of the study of the problem of financial stability of insurance companies as an object of strategic management aimed at maintaining the solvency and competitiveness of insurers. The aim of the article was to study and analyze theoretical approaches to the concept of “financial stability of insurance companies”, determine their features, and form an own definition based on the conducted analysis. The study is based on the results of the analysis of various approaches to defining the financial stability of insurance companies and identifying their features. Within the framework of achieving the aim and based on the application of methods of generalization, synthesis, and analysis, using a systems approach, an appropriate definition is proposed. The results of the study allow concluding that the financial stability of insurance companies is a complex generalizing holistic economic concept, which is determined by the company’s ability, based on a certain system of characteristics that identifies the state of its financial and investment resources, in all directions of their existing and potentially possible allocation and use, to maintain in an up-to-date state and ensure the fulfillment of all obligations in full under the conditions of indirect influence of objective and subjective factors of crisis conditions of existence in the external and internal environment.

Keywords: financial stability, insurance company, influence, feature, system.

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Quote article, APA style

Smirnov I. Analysis of theoretical approaches to the concept of “financial stability of insurance companies”. Actual problems of innovative economy and law. 2026. №2. 152-157 pp. https://doi.org/10.36887/2524-0455-2026-2-32

Quote article, MLA style

Smirnov I. Analysis of theoretical approaches to the concept of “financial stability of insurance companies”. Actual problems of innovative economy and law. https://doi.org/10.36887/2524-0455-2026-2-32