Uman National University | today: 06/19/2025
| Author(s) |
Malyovanyi M., Doctor of Ekonomikal Sciences, , Бондаренко Н. В., , , Орлов І. О., , , |
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|---|---|---|---|
| Category | Economics | ||
| year | 2025 | issue | Випуск 106 Частина 2 |
| pages | 328-342 | index UDK | 368.02:364.4 | DOI | 10.32782/2415-8240-2025-106-2-328-342 (Link) |
| Abstract | The article examines the economic essence and principles of functioning of the non-state social insurance system as a key element of the modern model of social protection. The authors emphasize that in the context of growing social risks, budget constraints, and demographic changes, non-state social insurance is gaining increasing importance as an additional source of ensuring citizens' social security. It is substantiated that this system is complex, dynamic, and multi-component, and its functioning is ensured through the interaction of such structural elements as subjects (policyholders, insurers, the state as regulator), objects (insurance products), infrastructure (financial institutions, technological platforms, consulting structures), and the regulatory mechanism (legislative acts, norms, supervisory bodies). The study analyzes the typology of relationships formed within the system: financial (flow of insurance contributions, investment), infrastructural (digital platforms, process management), regulatory (interaction with the state, compliance with standards), and social (interaction with the population, formation of trust and a culture of saving). Functional areas of the system's activity are outlined, in particular its social, financial, regulatory, and economic functions. Within each of these, specific mechanisms of implementation are disclosed – from providing insurance protection to the population to the accumulation of resources for investment in national economic projects. Special attention is paid to the analysis of the principles of system functioning that ensure its adaptability, efficiency, and stability. The key principles identified include voluntary participation, accumulation, financial sustainability, transparency, flexibility, equal access, economic efficiency, state supervision, competitiveness, and social orientation. It is concluded that the system of non-state social insurance should be considered an integral part of the state’s socio-economic policy. Its further improvement requires the development of the regulatory and legal framework, the implementation of innovative technologies, the enhancement of financial literacy among the population, and the strengthening of institutional trust in non-state insurers | ||
| Key words | non-state social insurance, social protection system, insurance products, insurance functions, principles of functioning, financial sustainability, regulatory mechanism, institutional approach, infrastructure, social risks | ||