Features of insurance as a element of economic security of insurance sector companies
Journal Title: Економіка. Фінанси. Право - Year 2018, Vol 11, Issue
Abstract
We have identified three different groups of definitions, when we performed the content analysis of literary sources to clarify the essence of the term "insurance”: relationships, type of activity and phenomenon. Taking into account the research carried out to determine the content and nature of the above categories, we have clarified their understanding as follows: the insurance product is a multi-dimensional definition for ensuring the maintenance of safety and protection of property interests of citizens and legal entities in case of occurrence of insurance events under the agreement. Insurance service acts as a commodity with the corresponding properties – attributes: risk, conditions for the issuance of the insurance guarantee and is an integral part of the insurance product. According to the results of the study, it is proposed to clarify the definition of "insurance market" as a complex multidimensional dynamic system based on the specifically historically social development of social protection and ensuring economic security through the implementation of economic, financial, contractual, information-and-consultation and other relations. This definition of the insurance market in terms of the system approach allows you to consider two of its subsystems: internal and external, which in their dialectical unity provides social protection against internal and external threats. The internal insurance market system contains: insurance products, a system for organization of sale of insurance policies and the formation of demand, a flexible system of tariffs, and own infrastructure of the insurer. The external subsystem is implemented through the external environment - a system of stakeholders and contact groups.
Authors and Affiliations
Svitlana Ihorivna Drobiazko
Keywords
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