Theoretical bases of formation of financial stability of reinsurance companies
In the introduction relevance of research which is caused by that the reinsurers becomes the largest source of investment capital. There is no comprehensive assessment methodology of the financial stability of the reinsurance company. In this field there are specific features that allow to allocate a separate independent reinsurance industry. The purpose of research is synthesis of the existing approaches in national and foreign practice to definition of “reinsurance” and “financial stability of reinsurance company”. In the main part theoretical questions of reinsurance development in the Republic of Belarus are considered. It was revealed that much of the theoretical developments carried out during the period when the market of insurance services in the Republic of Belarus has not yet acquired a modern form of functioning. Integration processes in the reinsurance market become active. Up to now there is no clear definitions of the meanings “reinsurance” and “financial stability of the reinsurer”. They are given in the article. A comprehensive model of the factors that influence the stability of the reinsurer is offered. We aggregated factors in three groups: the main factors, supporting factors and stress-factors. The proposed measures will create the tools of analysis and assessment of financial stability of the reinsurer. This will allow national system of reinsurance to be integrated into the international reinsurance market successfully.