Publication Details
Abstract
Rational management of cash flows leads to an increase in the level of financial stability of the insurance business, which is expressed in the following: Improving operational management from the point of view of balancing the inflow and outflow of funds; Increasing the volume of sales of insurance products and minimizing costs due to the operational management of the insurance organization's assets; Increase the profitability of debt capital and increase the liquidity of the insurer's balance sheet; Allocate financial resources to invest in more profitable financial instruments at lower costs to protect them; Improve negotiations with creditors; Create a basis for assessing the efficiency of the activities of financial responsibility centers (in analyzing cash flows by type of activity); Improving the management of insurance reserves and reducing interest on the insured's obligations.