Solvability as a guarantee for the insurance market development

Life insurance is gradually becoming an integral part of the life of Ukrainian citizens. In order to improve the quality of customer service, efficiency of use of available and attracted resources, identify the problem points and increase the level of competitiveness of insurance organizations, it is necessary to analyze the financial performance of these organizations. The article discusses the main parameters that are key factors in the guarantee system of insurance companies. The main indicators of leading insurers in terms of solvency are analyzed, the solvency margin ratios are calculated and the level of sustainability of these companies is evaluated. The study shows that the solvency margin is quite significant, although in the course of financial activity it tends to change, both minor and significant. In general, the analysis data indicate the availability of insured reserves and the openness of companies' data to the introduction of new legislation that meets the requirements of the Solvency II Directive.