Management of financial results of insurance companies as an activator of the innovation-investment process

Анотація

This article is aimed at reviewing the process of managing financial information of insurance companies for the development of the innovation and investment process. The article considers scientific approaches to the problems on this issue. The purpose of the research. The purpose of the research is to determine the conceptual framework and basic principles of managing financial results of insurance companies. Methodology. The totality of research methods is a methodology for analyzing and organizing the main legislative acts and laws, namely the methods of generalization, comparison, chronology, analysis and generalization. Results. According to the results of the study, it was revealed that income from insurance activities, that is, all proceeds in favor of the insurer, related to insurance and reinsurance; income from investing and placing temporarily free funds (both own and funds of insurance reserves); other incomes, that is, those that do not belong to either insurance or investment income, but sometimes appear to the insurer in the course of its normal business activities. Practical meaning. The practical significance is that the issues of managing financial results of insurance companies are an activator of the innovation and investment process of the insurer and require practical application in the management process of the company. This will allow management to protect the company from unpredictable and perceived financial crises. Prospects for further research. The study of innovation and investment processes is relevant and necessary for insurance companies and require further research.

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