Features of insurance as a element of economic security of insurance sector companies
Journal Title: Економіка. Фінанси. Право - Year 2018, Vol 11, Issue
Abstract
We have identified three different groups of definitions, when we performed the content analysis of literary sources to clarify the essence of the term "insurance”: relationships, type of activity and phenomenon. Taking into account the research carried out to determine the content and nature of the above categories, we have clarified their understanding as follows: the insurance product is a multi-dimensional definition for ensuring the maintenance of safety and protection of property interests of citizens and legal entities in case of occurrence of insurance events under the agreement. Insurance service acts as a commodity with the corresponding properties – attributes: risk, conditions for the issuance of the insurance guarantee and is an integral part of the insurance product. According to the results of the study, it is proposed to clarify the definition of "insurance market" as a complex multidimensional dynamic system based on the specifically historically social development of social protection and ensuring economic security through the implementation of economic, financial, contractual, information-and-consultation and other relations. This definition of the insurance market in terms of the system approach allows you to consider two of its subsystems: internal and external, which in their dialectical unity provides social protection against internal and external threats. The internal insurance market system contains: insurance products, a system for organization of sale of insurance policies and the formation of demand, a flexible system of tariffs, and own infrastructure of the insurer. The external subsystem is implemented through the external environment - a system of stakeholders and contact groups.
Authors and Affiliations
Svitlana Ihorivna Drobiazko
Keywords
Related Articles
- EP ID EP531574
- DOI -
- Views 66
- Downloads 0
Medical reform: peculiarities of implementation and impact on the system of health care
The article defines basic principles of the implementation of the medical reform and highlights its positive and negative factors of influence on the system of health care in Ukraine.
Categorization of hotels in Ukraine: regional aspects
The article is devoted to the regional aspects of categorization of hotels in Ukraine. The algorithm of procedure of establishment of category of hotel is worked out. The main advantages of classification by hotel enterp...
Generation of in systems of strategic management of activities of enterprises and associations of non-trivial functional subsystem of economic diagnostics
The article substantiates the creation of an independent functional subsystems integrated economic diagnostic system of strategic management activities of industrial enterprises and industrial associations. Proved the cr...
Methodological aspects of innovative methods of performance evaluation of energy efficiency projects
The article is devoted to innovative methods for evaluating the effectiveness of energy saving projects. The principles of analytic hierarchy process are implemented to validate that depending on the phase of the life cy...
Features of management structures of the international banking groups
The article defines what is necessary to increase the efficiency and effectiveness of international banking groups and what are the characteristics of the personnel management structure.