Uman NUH | today: 04/12/2024

Conceptual framework of the development of microinsurance programs in Ukraine

Author(s) Malyovanyi M., Doctor of Ekonomikal Sciences, ,
Prokopchuk O.T., Candidate of Economics, , Uman National University of Horticulture, Ukraine
Category Economics
year 2021 issue Issue number 98. Part 2
pages 29-40 index UDK 336.027
DOI 10.31395/2415-8240-2021-98-2-29-40 (Link)
Abstract Problem statement. Social function is one of the primary functions of the state. It is implemented, in particular, through the system of social insurance. Every year the number of people who are not paying insurance premiums into the system of social insurance is increasing for whatever reason. Therefore nowadays the issue of involving these people in the system is important not only from the point of filling the funds of social insurance but also of providing these people with social protection in the future. Aim of the research. The aim of the research is the elaboration of conceptual framework of the micro-insurance programs development in Ukraine for the population which is not included for whatever reasons into the system of the compulsory state social insurance. Methods of the research. Theoretical and methodological background of the research is formed using general scientific and specific cognition methods, in particular: abstract-logical methods to determine the essence and interrelations of economic categories and to make conclusions; comparative analysis to compare obtained indexes; statistical and graphic methods to process and generalize statistical data and to present them in the table and graphs. Results of the research. It has been proved that the implementation of microinsurance programs is one of the perspective forms of the development of social insurance systems for self-engaged population. The peculiarities of using microinsurance programs in different countries throughout the world were defined. The main advantages of these programs were determined according to the classical products of commercial insurance. Conceptual model of the microinsurance system functioning in Ukraine was developed and grounded. Conclusions. Suggested approach to the development and functioning of such system of micro-insurance in the future will increase the level of social protection of the population, will decrease social tension and reduce the load on the state finances within the framework of the programs of social care for the poorest population.
Key words compulsory state social insurance, commercial insurance, informal employment, microinsurance, insurance premi
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