Uman NUH | today: 12/22/2024
| Author(s) | Пономаренко О. В., , , | ||
|---|---|---|---|
| Category | Economics | ||
| year | 2022 | issue | Issue number 101. Part 2 |
| pages | 208-218 | index UDK | 368.1:336.1 | DOI | 10.32782/2415-8240-2022-101-2-208-218 (Link) |
| Abstract | Insurance is one of the major financial sectors of the national economy, in which financial and investment resources are accumulated, formed, distributed and applied. One of the key issues that threaten insurers is a significant narrowing of the life insurance segment, a small increase in the amount of insurance capital, a slowdown in the rate of growth of insurance reserves, and a slow increase in financial stability. In such circumstances, the coordinated development of the insurance sector and the increase in the trust of economic subjects in insurance institutions depends on the insurance policy and methods of the state's regulatory levers. The article considers theoretical aspects of definition of the insurance market, its structure, economic conditions of functioning, impact of economic changes, result of pandemic, economic digitalization and Internet insurance. The dynamics of the amount of insurance companies as part of their types and the principal indicators of the insurance market are provided. In order to analyze the current state of the insurance market, both the volume of insurance premiums and insurance payments, the number of insurance contracts that were concluded, the volume of income, assets of insurers, and insurance reserves were considered. Factors affecting the insurance market of Ukraine are considered. Leaders among insurance companies of Ukraine are listed in the rating by insurance premiums (net). The list of issues that must be solved for the competitive operation of the insurance market is revealed. In order to overcome the problems of the insurance market of Ukraine, the methods of improving its activity are provided. In conclusion it can be stated that the insurance market of Ukraine is at the stage of development and integration into the world space. Despite some achievements, it is characterized by shortcomings, the presence of which shows prospects for development, and therefore, the potential for Ukraine. In order to improve the situation, native insurers are to adopt foreign insurance experience and change their own operating models, in particular, improve the mechanism of state regulation of insurance companies, adapt insurance legislation to global standards, introduce the latest insurance technologies and the latest service quality standards in this area | ||
| Key words | insurance, insurance industry, insurance industry structure, insurance company, insurance premiums, insurance payments | ||