Formalization of the development of the segment of property and risk insurance
Journal Title: Економічний вісник університету - Year 2017, Vol 1, Issue 33
Abstract
Subject of research is the segment of property and risk insurance. The purpose of research is a work of proposals for improving the development of segments of property and risk insurance. Methodology of research: generalization, the method of comparative analysis, statistical, correlationregression analysis and the construction of factor models. The results of research: during the years 2010-2015 the highest growth in gross and net premiums show the following types of insurance: insurance third party liability, cargo and luggage insurance, aviation insurance, financial risk insurance, auto insurance, insurance against accidents. Decreased gross and net premiums on these types of insurance, credit insurance, insurance upon accidents on transport. For insurance and property insurance against fire risks and risks of natural disasters, gross premiums declined, while net premiums increased The most powerful market segment property and risk insurance is auto insurance - insurance of land transport, compulsory insurance of civil liability of vehicle owners, «Green Card.» Second place in terms of gross and net premiums have property insurance, but the segment shows contraction. For insurance of financial risks proportion of gross and net premiums written is the third in size and continues to grow. Fourth place is a segment of insurance against fire risks and risks of natural phenomena. Stable growth trend demonstrates cargo and baggage insurance and third party liability. Other segments showed no significant structural changes. The highest average level of claims is a segment of insurance of financial risks. Second and third place in the average level of net insurance payments takes credit insurance and auto insurance. The low level of net insurance benefits have cargo and baggage insurance against fire risks and risks of natural disasters, property insurance Areas of results implemenation: Insurance companies, organs of prudential supervision of the insurance market. Conclusions. Directions for improvement of property and risk insurance may be: clear regulation of organizational and economic development of these types of insurance; development of transparent and acceptable rules of property insurers and risk insurance sectors; increased financial stability and sustainability performance of insurance companies; conducting research work on staff development insurers and insurance brokers
Authors and Affiliations
Tetiana Kosova, Olga Slobodyanyuk
Keywords
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