تقييم الملاءة المالية في شركات التأمين باستخدام اختبار الضغط

Abstract

This research paper aims to clarify key concepts related to solvency risks in insurance companies and identify the main micro-level factors that may influence them. To achieve the intended objectives, a descriptive approach was adopted in the first section, where we explored fundamental concepts of insurance and financial solvency, highlighting key prudential standards governing solvency management. Additionally, we examined the concept of stress testing in the insurance sector, similar to its application in the banking sector. The second section focuses on the empirical analysis, where we employed an analytical approach by conducting stress tests on the Algerian Insurance Company (CAAT). The study assessed various risk factors affecting the financial solvency of insurance companies, including underwriting risk, liquidity risk, and sectoral concentration risk. The results revealed that CAAT failed one out of the three stress tests, specifically in the sectoral concentration risk test. This research highlights the necessity for insurance companies to strictly adhere to prudential solvency standards and to adopt new and effective strategies that allow them to simulate scenarios where these standards may be breached. One of the most critical tools for this purpose is the implementation of stress testing, which helps insurers anticipate and mitigate potential financial risks