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Tendencies of the insurance market development in the conditions of the unstable market environment

Journal: Academic Bulletin "Economics and Region" (Vol.1, No. 56)

Publication Date:

Authors : ;

Page : 17-24

Keywords : insurance market; globalization; unstable market environment; insurance company; insurance reserves; reinsurance; insurance payments; insurance premiums.;

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Abstract

The essence of the insurance market is investigated. Problems of the insurance market of Ukraine at the present stage of development are proved. Insurers are defined as capable citizens who signed the contract with insurers. Sufficient capitalization of the domestic insurance market is defined. The structure and a condition of the insurance premiums got by insurers is characterized. The increase in level of insurance compensations in recent years is defined. Increase of a role of reinsurance within the country is designated. The structure of reinsurance on types of insurance is reflected. Dynamics the insurance of reserves is given in a section of types. Limiting factors of development of the insurance market of Ukraine are defined. Important factor is lack of accurate policy of state regulation and effective supervision of subjects of the insurance market. Actions of improvement of a condition of the domestic insurance market are offered.

Last modified: 2016-08-12 15:56:36