Russian Federation
Russian Federation
The article is devoted to the issues of identifying and analyzing financial risks inherent in insurance companies of the People's Republic of China, as well as methods of managing them. The article provides a general characteristic of the insurance market of China, reveals the specifics of the activities of Chinese insurance companies, analyzes the most specific financial risks for them. On the example of one of the major insurance companies of China — Sunshine P&C (Sunshine Property And Casualty Insurance Company Limited), it was revealed that the most obvious financial risks are credit risk, investment risk and operational risk. The article also identifies the factors that affect the level of financial risk and proposes a number of measures to strengthen financial risk management, as well as makes suggestions for improving the financial risk management system in the company under study.
financial risks, financial risk management, insurance, insurance companies, property insurance, insurance services market, China
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