Theoretical and methodical foundations of the use of accounting information for the analysis of the activities of insurers
Authors: МЕЛЬНИЧУК Ю. М. , ДЕМ’ЯНИШИНА О. А. 
Published: December 2024

The article is devoted to the study of the interaction of theoretical and methodical foundations of the use of accounting information, namely financial reporting, for analysis the activities of insurers. The purpose of the research. The purpose of the study is to identify the relationship of indicators of accounting content when used in assessing the financial condition of the insurance company. 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. The article proves the necessity of using accounting information in assessing the insurer's financial status. In the study done the classification of indicators of financial reporting for the assessment of the insurer. The components of financial reporting and their characteristics are analyzed. The forms of reporting that are used in the analysis of the insurance company's activity are revealed. The sources of income and expenses of the life insurance company are identified and systematized. It is proposed to use the Rating Scale of the activities of insurance companies. Directly the need for detailed analysis, comparison, the definition of a number of indicators that characterize the financial position of the company, led to the emergence of rating agencies that are engaged in grouping performance indicators of insurance companies and determine the level of its stability. However, an internal analysis of the effectiveness of activities in insurance companies provides improved management decision making that is not possible without the use of accounting information. Therefore, in the study, it became necessary to develop and propose a plan for the assessment of the effectiveness of activities, which will reflect the results of the insurer. According to the results of the research it can be concluded that the accounting information is important in the analysis of the activities of insurers. The indicators of accounting are the basis for such an analysis and assessment of the financial condition of insurance companies. Practical meaning. The practical importance of the article is conditioned on the use of financial reporting data when analyzing the activities of insurance companies, since the separated indicators of accounting do not reflect the financial meaning of the activities of any enterprise, and do not contain generalized information on the results of their management. Only the calculation of a number of indicators, the use of financial analysis methods and the qualifications of a finance specialist using the results of analysis will help in making the right managerial decisions. The proposed scientific approaches and research results are a step towards successful management, a necessary element of control, audit, and record keeping. Prospects for further research. In the future, complementary questions of this problem may be the search for ways to optimize the cooperation of accountants and financiers with regard to the mutual use of information in order to seek rationalized management decision-making.