Strategy of the State Regulation of Insurance Business in Ukraine - the Answer to Current Challenges and Threats
Journal Title: Бізнес Інформ - Year 2015, Vol 9, Issue 0
Abstract
The article is aimed at substantiation of the basic strategic directions of the State regulation of insurance business in Ukraine. Based on an analysis of the existing strategic documents and on summarizing their main destinations the following strategic priorities have been proposed: reforming the system of the State registration, licensing and organization of insurance actors; improvement of the legislative framework in action and adoption of several legal documents regulating the insurance legal relationships; improving the fiscal management of insurance business for the purpose of proper payment of the established tax deductions and minimizing the tax optimization schemes; stimulating the development of competitive relations in the domestic insurance business; attraction of SROs to the formation of the basic principles of the State regulation of insurance business; improving the efficiency of the insurance supervision; development of a public economic security system of insurance business; formation of informational transparency of insurance business. Prospects for further research consist in uncovering the specific ways of implementation and compliance of the domestic insurance companies with the new requirements of the Solvency II, as well as with the new quality requirements for the provision of insurance services for both individuals and legal entities.
Authors and Affiliations
Tetyana Yavorska
Keywords
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