INSURANCE AS A GUARANTEE OF COMPENSATION OF LOSS AND DAMAGES TO PROPERTY
Journal Title: Ринкова економіка: сучасна теорія і практика управління - Year 2016, Vol 15, Issue 1
Abstract
The problem of forming of a strong insurance market is critical to address the domestic economy. By providing the services through insurance coverage insurance companies reduce the financial risk of entities and generate significant amounts of investment resources to finance the national economy. Citizens property insurance is an essential component in ensuring the social protection of both individuals and legal entities and improving their welfare. Therefore, the improvement of property insurance and its impact on the domestic insurance market is a key issue today. The article is a study of theoretical principles of disclosure of economic essence of property insurance in the current market conditions and clarifying major issues of property insurance in Ukraine. The following methods were used in the study: systematic approach, theoretical generalization and comparison, analysis and synthesis.Property insurance - is the insurance industry, which is the object of the insurance relationship of property interests that do not contradict the legislation of Ukraine related to the possession, use and disposal of property of legal entities or individuals which shall be based on voluntary agreement concluded between the insurer and insurer. In a market economy, insurance industry plays an important role in society.The main problems that hinder the development of property insurance in Ukraine are: low level of household income level, low level of insurance culture, decrease of insurance payments from insurance companies to reduce the number of concluded contracts, breach of obligations by some insurers, the release of a significant number of staff in the insurance market, the inability to return the insurance reserves that have been placed on deposit accounts in banks due to the crisis and others. However, these problems are not fully affect the development of the insurance market in property insurance and is proving to review statistical data for the past periods of insurance companies. Directions for improvement of this type of insurance can be: clear regulation of organizational and economic issues of property insurance; development of transparent and acceptable rules of property insurers scope of insurance services; increase financial stability and sustainability performance of insurance companies; conduct research study on staff development insurers and insurance brokers. For further developments in the field of property insurance the following objectives can be offered: to investigate in more detail the historical experience of formation of the system of insurance protection of individuals’ and legal entities’ property; identify the characteristics and trends of property insurance in Ukraine insurance market in recent years and forecast for the further development; explore the range of services on property insurance offered by the Ukrainian insurers and new offerings.
Authors and Affiliations
О. V. Slobodyanyuk, G. V. Tolkacheva
Keywords
Related Articles
- EP ID EP373886
- DOI -
- Views 133
- Downloads 0
FORMING PROFESSIONAL COMPETENCY OF HEALTHCARE FACILITIES’ MANAGER
The article discusses the formation of professional competence of a manager of a healthcare institution. The structure of managerial competencies is considered. The system of competencies of a specialist in the managemen...
ECONOMICAL CORE AT THE DIFFERENT LEVELS OF MANAGEMENT SYSTEM HIERARCHY
The process of the developed market relations formation in Russia led to the emergence of many problems whose solution requires taking into account territorial specificities. Moreover, ignorance of the regional factors c...
Privacy marketing information system of manufacturers of building materials
In the article the structure and mechanisms of marketing information systems manufacturers building materials. The above tools to collect and analyze a subsystem components. Examples the use of specific analysis procedur...
Construction of strategy of development of enterprise on the basis of the formed system of the balanced indexes
In this article realization of a development strategy reguires ceaseless monitorsng of the achieved results assessment. The enterprise balanced indicators system is formed on basis of expert information. Methodology of c...
THE ESSENCE AND CAUSES OF THE ENTERPRISE DEVELOPMENT CRISIS
The article considers the features of management during a crisis, as the orga¬nizational development background. It defines the essence of the problem and the crisis of company's development. Crisis of the company's deve...