Economic modeling of the impact of insurance risks on the financial stability of enterprises

Abstract

The study aims to analyze modern approaches to applying risk modeling results in the management systems of insurance companies, to enhance their financial stability and resilience during crisis conditions. Methods. The research employs a set of methods, including the analysis of scientific literature, a systematic approach to risk assessment, financial scenario modeling, and a comparative analysis of management practices. The methodology utilizes digital and analytical tools to assess the likelihood of risk events, their impact on companies’ financial performance, and the integration of forecast data into key performance indicators (KPIs) and strategic planning. Results. The findings demonstrate that the risk modeling improves forecasting accuracy, reduces the likelihood of managerial errors, and enhances decision-making efficiency. It has been established that data standardization, automation of analytical procedures, and adaptation of industry-specific models enable the generation of relevant and practically applicable results that can be effectively integrated into internal management processes. The use of feedback mechanisms fosters the continuous improvement of management approaches. At the same time, the incorporation of predictive indicators into strategic planning increases an enterprise’s resilience to external threats and market fluctuations. Conclusions.Comprehensive integration of risk modeling outcomes into risk management systems is a key factor in ensuring the financial stability of insurance companies. The proposed recommendations for the practical implementation of risk models within internal processes contribute to improving the effectiveness of managerial decisions, optimizing resource allocation, and creating the foundations for sustainable enterprise development in today’s environment of high uncertainty. The results obtained can also be applied to enhance the regulatory and methodological framework of the insurance market and to develop risk management strategies across various industries.