Financial Risk and Profitability Management in Russian Insurance Companies in the Context of Digitalization

Ilkevich, Sergey; Listopad, Ekaterina Yevgenievna; Malinovskaya, N.V.; Rostovtseva, Polina P.; Drobysheva, Nataliya Nikolaevna; Borisov, A V

doi:10.3390/risks10110214

Cited by 5 publications

(3 citation statements)

References 22 publications

(32 reference statements)

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…There are three kinds of risks: loss, profit, or break event, for example, investing in stocks on the stock exchange, buying sweepstakes, and so on (Ilkevich et al, 2022). According to Bramantyo, risk management is a structured and systematic process of identifying, measuring, mapping, developing alternative risk treatments, and monitoring and controlling risk management.…”

Section: B Literature Review 1 Risk Managementmentioning

confidence: 99%

Technology-Based Financial Risk Management Strategy: Overview of Recent Developments

Utami

Widjayanti

Sukmawati

et al. 2023

View full text Add to dashboard Cite

Technological developments have had a significant impact on financial risk management. In this context, the application of artificial intelligence, the use of data analytics, and the role of blockchain technology are the main focus for increasing efficiency and accuracy in managing financial risks. This study aims to analyze technology-based financial risk management strategies with a focus on the application of artificial intelligence, the use of data analytics, and the role of blockchain technology. This research was conducted using a qualitative approach with a literature study as a research method. The data used comes from the results of previous research and studies that are related to technology-based financial risk management. This study found that technology-based financial risk management provides advantages in the form of operational efficiency, cost savings, and increased accuracy in risk analysis. However, challenges such as data security and privacy and the complexity of technology system integration must be overcome. In developing an effective technology-based risk management strategy, companies need to increase organizational understanding and awareness, develop a supportive regulatory framework, and conduct human resource skills training. Collaboration, continuous evaluation, and a sustainable approach are also keys to success in optimizing the use of technology in managing financial risks.

show abstract

Section: B Literature Review 1 Risk Managementmentioning

confidence: 99%

Technology-Based Financial Risk Management Strategy: Overview of Recent Developments

Utami

Widjayanti

Sukmawati

et al. 2023

View full text Add to dashboard Cite

show abstract

“…Studi selanjutnya dari (Sarkar, 2022) hasil penelitian Di banyak industri, termasuk yang berhubungan dengan transaksi keuangan, digitalisasi telah meningkatkan efisiensi dan meningkatkan pengalaman pelanggan. Studi selanjutnya dari (Ilkevich et al, 2022) Kami menemukan bahwa perusahaan asuransi harus mengatur portofolionya dengan meningkatkan bagian penerimaan asuransi untuk asuransi pribadi, yang sangat menguntungkan tetapi hanya mengambil bagian kecil dalam portofolio asuransi, untuk mengoptimalkan struktur portofolio asuransi, untuk mencapai hal ini, perlu bekerja secara aktif untuk memperluas industri asuransi, khususnya dalam kaitannya dengan asuransi pribadi sukarela, menarik sejumlah besar pemegang polis dengan melakukan kerja massal penjelasan menggunakan acara periklanan dan jaringan agen-perantara mengenai kebutuhan dan efektivitasnya.Pertanggungan, proposal untuk memperluas portofolio asuransi dengan bentuk baru asuransi pribadi sukarela, memodifikasi kebijakan tarif perusahaan asuransi untuk semua bentuk asuransi tersebut, dan mencari tahu tarif yang paling terjangkau semuanya harus dimasukkan dalam prospek penelitian di masa depan.…”

Section: Hasil Penelitianunclassified

Financial Risk Management

Damayanti

Manurung

Machdar

2023

FJSR

View full text Add to dashboard Cite

The purpose of this article is to describe the existing variables by providing a corroboration from the literature articles from the findings. The research method used is qualitative by graphically depicting sources from existing journals related to this article. The findings derived from these scientific articles then the findings or results are reinforcement for this scientific article with regard to the variables used. Financial risk management in the context of digitalization has an important role in increasing company value and meeting customer expectations. Through the implementation of an effective digital strategy, financial institutions can optimize financial services, improve customer data security, and provide a better experience for customers. The importance of service quality in the digitalization context was also revealed, where good service quality contributes to customer satisfaction and their loyalty to the company. However, it is important to remember that digitization also carries its own risks, such as data security and financial transactions

show abstract

“…The problem of transition to the information society has come to the fore (Ilkevich et al 2022) among the emerging problems in the last decade. The changes taking place depend on global technological and digital development (Nakisbaev and Dugalich 2022, 132).…”

mentioning

confidence: 99%

Regulatory and Legal Support for the Development of Digital Infrastructure in Rural Areas as a Factor in Improving the Level of Sustainable Development and Quality of Life of the Rural Population

YDYRYS,

IBRAYEVA,

ABUGALIYEVA

et al. 2023

J. Environ Manag Tour

View full text Add to dashboard Cite

Widespread problems of rural development have been the subject of scientific analysis and discussions for many years. The current debate is the result of reflections on improving the effectiveness of rural development policy and the search for new approaches to their development at the local level. They are also the result of the need not only to implement the Sustainable Development Goals more effectively but also to reduce the social and economic inequality between the village and the city, which is possible through the development of the digital infrastructure of rural areas. The purpose of the article is to identify priority areas and institutional and legal barriers to the development of digital infrastructure, the tools necessary to overcome them, and regulatory and legal support for the development of digital infrastructure in rural areas. The article identifies the advantages of digital infrastructure for the socio-economic development of rural areas, the priority level of the introduction of digital infrastructure and technologies for various sectors in the life of the rural population, institutional and legal barriers to the development of digital infrastructure of rural areas, as well as tools of regulatory support for the development of digital infrastructure of rural areas. It is concluded that the creation of the necessary regulatory framework that would stimulate the formation of digital infrastructure while protecting the interests of rural residents is the most significant of the problems of rural areas.

show abstract

Financial Risk and Profitability Management in Russian Insurance Companies in the Context of Digitalization

Cited by 5 publications

References 22 publications

Technology-Based Financial Risk Management Strategy: Overview of Recent Developments

Technology-Based Financial Risk Management Strategy: Overview of Recent Developments

Financial Risk Management

Regulatory and Legal Support for the Development of Digital Infrastructure in Rural Areas as a Factor in Improving the Level of Sustainable Development and Quality of Life of the Rural Population

Contact Info

Product

Resources

About