Uman NUH | today: 12/22/2024
| Author(s) |
Ulyanych Y.V., Candidate of Economics, , Uman National University of Horticulture, Ukraine Бондаренко Н. В., , , Huzar B.S., Candidate of Economics Sciences, , |
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| Category | Economics | ||
| year | 2023 | issue | Issue number 103. Part 2 |
| pages | 180-187 | index UDK | 330.3 | DOI | 10.32782/2415-8240-2023-103-2-180-187 (Link) |
| Abstract | The article analyzes the robots of the insurance market of Ukraine. In particular, the following were investigated: the dynamics of financial indicators of insurance companies, the dynamics of the number of insurance companies, the dynamics of the number of insurance contracts, the dynamics of the number of insurance contracts, the dynamics of gross and net insurance premiums, the volume of formed insurance reserves and New financial indicators of insurance companies of Ukraine. The life insurance market in Ukraine began its formation in 19196, after the Law of Ukraine "On Insurance" entered into force, where life insurance was distinguished as a separate branch of insurance activity. The formation of this type of relationship continues today. Insurance activity is changing, improving and increasingly influencing the country’s economy, the scope of insurance is expanding, new types of insurance are emerging and developing. And even after the full-scale invasion of the Russian Federation on the territory of Ukraine, the life insurance market continued its work and during 2022. demonstrates the recovery of its activity indicators. Analysis of data on the functioning of the insurance market in Ukraine shows that the total number of insurance companies in Ukraine has decreased. A decreasing trend of both "life" and "non-life" SCs is observed. The volume of gross insurance premiums in 2022 increased compared to 2018 by 10,014.6 million. Net insurance premiums increased by UAH 13,886.3 million compared to 2018. That is, a positive trend of growth of these indicators was observed during the studied period. The main problems that negatively affect the functioning of the insurance market in Ukraine have been identified: full-scale invasion of Russia on the territory of Ukraine, lack of political and economic stability, steady growth of production, insolvency of the population, weak foreign economic relations of Ukraine in the field of insurance with developed countries; imperfect regulatory and legal base, high level of inflation, corruption, low level of consumer trust in insurance companies. In general, increasing the efficiency of the insurance market depends on the role of the state in this area and its active participation. The task of the state is to introduce a purposeful state policy in this area, increase the population’s awareness of the importance of insurance and ensure competitiveness in the market. | ||
| Key words | insurance, life insurance, insurance market, insurance services, financial indicators, insurance reserves | ||