THE MODEL OF INTERACTION BETWEEN INSURANCE INTERMEDIARIES AND INSURANCE COMPANIES IN THE ASSURANCE OF SUSTAINABLE DEVELOPMENT OF THE INSURANCE MARKET
Journal Title: Baltic Journal of Economic Studies - Year 2017, Vol 3, Issue 1
Abstract
The purpose of this paper is the investigation of the model of interaction between insurance intermediaries and insurance companies in the assurance of sustainable development of the insurance market. The methodology is based on the new studies and books. It is underlined the importance of potency and effectiveness of this model, its influence on the insurance market stability. It is analysed the European experience and specific of Ukrainian insurance market. The main ways for improving its model and ways of its practical realization are characterized. Results. The problems that exist in the broker market in general are connected with an ineffective state policy. In particular, we can say about the absence of many laws, acts, resolutions, which explain what a broker have to do in case of different problems with insurance companies, another brokers and clients. At the same time, the problem of distrust to national brokers exists. It provokes a decline of the demand for their services and so on. However, it is possible to solve these problems. Practical implications. For this, it is necessary to do some acts. The first one is to implement resolutions that regulate relationships between insurance brokers and insurance companies, clearly regulate the model of its interaction. This model affects the stability of the insurance market in general. The second is to find methods of solving problems of the increase in insurance culture of the population (for example, by the way of advertisement). The third one is to solve problems connected with the appearance of foreign brokers in the insurance market of Ukraine. Actually, the Ukrainian market of insurance brokers is not developed enough. That is why it needs big changes and reforms. Value/originality. Among alternatives of the strategic development of insurance, the method of quick liberalization and gradual development is distinguished. According to the liberal way, it is possible to transfer to the market mechanisms of functioning of insurance both in the inside and outside markets. The gradual development includes the state defence of national companies until they will be competitive.
Authors and Affiliations
Nataliia Kudriavska
Keywords
Related Articles
- EP ID EP497372
- DOI 10.30525/2256-0742/2017-3-1-58-63
- Views 37
- Downloads 0
INTERREGIONAL COOPERATION AS A PREREQUISITE FOR THE ECONOMIC DEVELOPMENT OF AMALGAMATED TERRITORIAL COMMUNITIES IN UKRAINE
Research background: the implementation of the decentralization reform and the strengthening of trends of interterritorial disparities in Ukraine leads to a restructuring of development plans at the amalgamated territori...
DEVELOPING A METHODOLOGY TO ASSESS THE ENVIRONMENTAL AND ECONOMIC PERFORMANCE INDEX BASED ON INTERNATIONAL RESEARCH TO RESOLVE THE ECONOMIC AND ENVIRONMENTAL PROBLEMS OF UKRAINE
The urgency of the research. Developing a new approach to economic and environmental problems grounded on the need to form new awareness and responsibility makes it necessary to conduct an in-depth study of the causes an...
CORRELATION BETWEEN THE SYSTEM OF REMUNERATION OF POLICE OFFICERS AND THEIR PROFESSIONAL PERFORMANCE: FOREIGN EXPERIENCE
The aim of the article is to analyse the foreign experience of correlation between the system of remuneration of police officers and their professional performance, to identify the features of fixing the rate and types o...
THE EFFECTS OF THE QUALITY OF EMPLOYEES’ INTERACTIONS WITH THEIR MANAGERS ON THE QUALITY OF THEIR WORK
The paper is devoted to the analysis of effects of the quality of employees’ interactions with their managers on the quality of their work. The paper includes seven parts: introduction, review of the literature, theoreti...
GLOBAL EXPERIENCE OF SOCIAL ENTREPRENEURSHIP DEVELOPMENT
The purpose of the article – to reveal features of the implementation of social entrepreneurship in the world. Methodology. The theoretical and methodological framework of scientific developments consists of the research...