SOLVENCY ANALYSIS OF ADVANCED INSURERS IN UKRAINE

In this article the author investigated the theoretical principles of insurance company solvency as an objective indicator of its financial stability. The main approaches to this economic category interpretation by means of domestic and foreign scientists are identified and analyzed here. The author proposed own definition of the insurance company solvency. Features of assessing the solvency of insurers in accordance with the current legislation of Ukraine have been discovered in our theoretical research. The analysis of indicator on the basis of data from leading domestic insurance companies engaged in non-life insurance has been done. Compliance with statutory solvency requirements is an important condition for the effective functioning of the insurance company and it is a kind of indicator of the insurer's financial stability. However, our analysis showed that the conditions for ensuring the solvency of Ukrainian and European insurers differ greatly.