EFFECTIVE UNDERWRITING: BASIS OF ECONOMIC SECURITY OF INSURANCE COMPANY

Issue № 4, 2016, article № 5, pages 29-34

Section: Problems of efficient management

Language: Russian

Original language title: ЭФФЕКТИВНЫЙ АНДЕРРАЙТИНГ: ОСНОВА ЭКОНОМИЧЕСКОЙ БЕЗОПАСНОСТИ СТРАХОВОЙ КОМПАНИИ

Keywords: UNDERWRITING, AGRO INSURANCE MARKET, UNDERWRITING POLICY, AGRICULTURAL RISKS

Abstract: In modern economic conditions of agro business more and more actual is insurance. The modern system of agro insurance is one of alternative options of receiving guarantees on saving the income of an agricultural producer. Rules of the WTO focus the existing measures of the state support of agricultural producers on a green basket, one of measures of which is insurance. Agro insurance is the most fast-growing segment of the Russian insurance market (the gain in 2014 has made 35‰) and the most expensive type of insurance for insurers because of expenses. Now stagnation of the insurance market is followed by unprofitability growth. Underwriting represents the activity of the insurer directed to an assessment of the risks accepted on insurance, definitions of an adequate insurance tariff and conditions of insurance, formation of the profitable and balanced insurance portfolio. As the uniform system of an assessment of risks in agro insurance doesn't exist now, each insurance company defines individually for itself high-quality approaches of carrying out underwriting proceeding from the resources and views. The main approaches of carrying out underwriting at insurance of agricultural risks are reflected in article; the role of effective underwriting as bases of economic security of the insurance company which is carrying out the activity in the domestic agro insurance market is proved. Creation of the effective system of underwriting which is fundamentally fixed on a deep methodological basis is a guarantor of stability and economic security of insurance company. For high-quality management of unprofitability of an insurance portfolio and a sustainable development of domestic agro insurance, the qualified training of specialists of this profile by displaying of the international experience of effective system of an assessment of risk in practice of the Russian insurance companies is necessary.

Authors: Sandu Ivan Stepanovich, Belova Elena Vladimirovna, Belova Irina Viktorovna