HOW TO ENSURE LEADERSHIP IN THE WORLD MARKET OF INSURANCE SERVICES: THE EXPERIENCE OF STRATEGIC MANAGEMENT OF FOREIGN COMPANIES
Journal Title: Східна Європа: економіка, бізнес та управління - Year 2018, Vol 1, Issue 12
Abstract
In the article, the author determines that the strategy is the vision, general course, plans of the company’s management to achieve its strategic objectives in any field of activity. Companies will be successful if they have a strategic vision (goals) and a plan of action for a certain period of time. Companies, leaders in the world insurance market, have different models and methods of management. However, they have common features. All of them make strategic planning because it has more advantages than disadvantages. They conduct an analysis of the external environment; assessment of strengths and weaknesses of the insurance company, opportunities and threats etc. They all have a strategy. The company has certain strands of action for the future. They have metrics to measure their goals. They all implement innovative methods of providing insurance services. Moreover, the world’s top insurance companies are facing low bond yields, global geopolitical risk, and regulatory pressures. Thus insurance companies propose new technologies to customers that reduce claim handling costs and increase the number of special or unique product lines to boost profits.
Authors and Affiliations
M. V. Skyba
Keywords
Related Articles
- EP ID EP663858
- DOI -
- Views 126
- Downloads 0
IMPLEMENTATION OF INFORMATION TECHNOLOGIES IN THE INDUSTRY OF TOURISM
The article investigates the use of information technology in the activities of tourism enterprises. The basic problems of IT application in the tourism industry are revealed. A variety of information technologies as an...
ОЦІНКА СУЧАСНОГО РИНКУ ПРАЦІ СПЕЦІАЛІСТІВ У СФЕРІ «БУХГАЛТЕРІЯ/ФІНАНСИ ПІДПРИЄМСТВА»
У статті представлено оцінку вітчизняного та зарубіжного ринків праці для спеціалістів у сфері «Бухгалтерія/Фінанси підприємства», яка дає змогу визначити актуальність професії в найближчому майбутньому, адже сучасний р...
ECONOMIC SECURITY OF THE COMPANIES OF THE JEWELRY INDUSTRY: CURRENT LEVEL AND KEY THREATS
The high aggressiveness of the external environment actualizes the need to give maximum attention to the issues of ensuring the security of each enterprise. The result of the negative impact of external and internal thre...
LOGISTIC SYSTEM - THE BASIS FOR IMPROVING THE EFFICIENCY OF THE SERVICES OF SERVICES COMPANIES FUNCTIONING
The article deals with the main theoretical and practical aspects of the logistic system as the basis for increasing the efficiency of the operation of enterprises. The concept of the logistic system of the sphere of ser...
ЦИКЛІЧНІСТЬ ІННОВАЦІЙНОЇ ДІЯЛЬНОСТІ ПРОМИСЛОВИХ ПІДПРИЄМСТВ В УМОВАХ ТРАНСФОРМАЦІЇ ТЕХНОЛОГІЧНИХ УКЛАДІВ
У статті досліджено взаємозв’язок між інноваційною діяльністю підприємства та таким фактором зовнішнього середовища, як циклічність економіки. Обґрунтовано взаємозв’язок домінуючого укладу на підприємстві та в господарсь...