THEORETICAL PRINCIPLES OF AUTOMOTIVE INSURANCE MARKET FUNCTIONING IN UKRAINE

The article is devoted to the research of theoretical principles of automotive insurance market functioning in Ukraine. The attention is given to the actual problems of theoretical principles of automotive insurance market functioning in view of the lack of standardized approaches to the essence, composition and structure of the market that creates the barriers for practical researches in this sphere and for the determination of ways for its improvement. Different ideas of scientists on the possibility of automotive insurance market emission as structural element of insurance market are systematized. Defined the role of automotive insurance market in the financial market hierarchy. The different researches on the essence of “automotive insurance” are analyzed. Created the author's definition of the term “automotive insurance market”. Special attention is given to the sectoral dividing of the automotive insurance market with determination of functioning specifics for each sector: the insurance market for civil liability of land vehicles owners, the insurance market for land vehicles (CASCO), and the insurance market for civil liability of land vehicles owners under international treaty “GreenCard”. Offered the system of automotive insurance market classification with object: form of insurance, types of insured risks, the affiliation to the insurance industry. The components of automotive insurance market, that includes objects, subjects, insurance cases and insurance service value, are studied. Pointed out factors that have major influence on development of automotive insurance market in Ukraine. The influence factors are analyzed in context of stimulant and de-stimulant influence. Particular attention Special attention given to the subject of the motor insurance market in Ukraine – Motor (transport) insurance bureau of Ukraine, that performs functions guarantee of insurance protection. Made the conclusion those studding the conceptual foundations of the development of the automotive insurance market in Ukraine (in terms of sectors) will enable effectively solve practical problems. Studding the demand and supply formation in the automotive insurance market - the basis of equalizing the disproportions of its development.