Problems and prospects of motor insuarance market in Ukraine
Journal: THE JOURNALZHYTOMYR STATE TECHNOLOGICAL UNIVERSITY. SERIES: ECONOMICS (Vol.1, No. 75)Publication Date: 2016-04-15
Authors : A.V. Kravchuk; D.A. Kurach; T.V. Savchenko;
Page : 178-184
Keywords : car insurance; motor insurance market; insurance premiums; insurance payments; civil liability of owners of vehicles;
Abstract
Taking into account the impact of current problems in the economy on the state of the insurance market the functioning problems occur on structuring motor insurance market and its balance. The study aims to identify trends in motor insurance. The research of structuring and identifying the main trends in the motor insurance market allows to determine the vectors of perspective changes. The analysis of the motor insurance market functioning in Ukraine for the period of 2012?2014 has revealed the problems within the changes in the structure of this segment of the insurance market towards the insurance of civil liability of ground transport vehicles with a significant decline in the voluntary insurance with a primary flow of premiums from individuals. This analysis has allowed to formulate the necessary steps to further enhance of the motor insurance market taking into account the negative impact of lowering demand for this type of insured services, lowering solvency, slowdown the terms of insurance payments and the imperfection of relations settlement between insurers and policyholders.
Other Latest Articles
- Evaluation of accuracy of photogrammetric methods and laser scanning for measuring of parameters of cracks natural separateness
- Early phase in e-money development: from Edvard Bellamy to Frank Macknamary
- Directions of motivation improvement of enterprises’ innovation activities in conditions of economy intellectualization
- Improvement of the mining technology with the ring movement scheme of the haul trucks
- Features of corporate social responsibility development
Last modified: 2016-09-29 18:55:07