Solvency II framework sets a lot of challenges for each insurance company since requires for more sensitive, balanced and complex risk evaluation for development and establishment better risk coverage therefore ensuring solvency and stability of an insurance company activity. The authors of the article investigate the scenario planning in establishing an insurance company’s stability. The scenario planning is the short–term method that provides the short-term outcome of an insurance companies results. The concept of the paper is to adapt the scenario planning into an insurance company’s processes for ensuring stability and solvency. In order to achieve the stated objective, the authors of the paper use theoretical and methodological analysis of the scientific literature with the purpose to study the features of the risk management.