NEW VECTORS OF THE MOTOR INSURANCE DEVELOPMENT IN UKRAINE
Journal Title: Вісник Київського національного університету імені Тараса Шевченка. Економіка. - Year 2015, Vol 3, Issue 168
Abstract
The essence and features of different forms of motor insurance are studied. As investigated, the motor insurance is one of the most popular types of insurance in many countries, and continues its further quality development. It is stated that the following new vectors of development has been recently observed in developed countries: Internet sales are getting significantly prevalent along with the traditional channels of insurance distribution; insurers' websites provide a wide range of online features in motor insurance; innovations in motor insurance based on the use of telematics, particularly the usage-based insurance, are widely spread. Basic types of motor insurance, which represent the domestic market, are analyzed. It was found that the share of motor insurance in the insurance market of Ukraine is significant. As established, the proportion of net premiums of motor insurance is decreasing, because its development is significantly influenced by economic factors. Measures, applied by insurance companies in the domestic market of motor insurance to attract new customers and retain the existing ones, are defined. In particular, insurers are trying to develop the implementation of insurance services online, and use possibilities offered by mobile technologies. It was found that the domestic market of motor insurance is characterized by a high level of fraud, that is why some innovative measures in the domestic and international motor insurance agreements are taken to decrease it, such as the introduction of mandatory registration of insurance agents, who have the right to perform mediatory activity in compulsory civil liability insurance of owners of motor vehicles (CCLIOMV), and procedures for contracting the international insurance "Green Card" agreements with simultaneous entering the information on concluded agreement into a unified centralized database of Motor (transport) insurance bureau of Ukraine using the "Green Card online" subsystem.
Authors and Affiliations
Tatiana Motashko, Natalia Prikazyuk
Keywords
Related Articles
- EP ID EP401042
- DOI 10.17721/1728-2667.2015/168-3/6
- Views 64
- Downloads 0
World Insurance Market Development Under Digitalization
The role of digitalization in the insurance market development was studied. It was found that digitalization served as a catalyst for the development of the insurance market and encouraged insurers to implement innovatio...
DIRECTIONS OF DEVELOPMENT OF CREDIT AND INSURANCE MECHANISMS FOR FINANCING HIGHER EDUCATION IN UKRAINE
Today, Ukraine's higher education system suffers from shortage of financial resources. The issue of using educational credits is a subject of discussion not only in Ukraine, but also in developed countries. It is conclud...
THE BUDGET CLASSIFICATION AS THE BASIS OF THE USAGE OF THE METHOD OF ACCRUAL IN THE PUBLIC SECTOR
Components of the budget classification of Ukraine, which are used for accounting and administration of budgets of different levels, have been investigated. The five-level hierarchy of normative documents in accordance w...
AUDIT OF INNOVATIVE IDEAS AS THE PREVIOUS STAGE OF THE BUSINESS-PLAN OF START-UP PROJECTS
The paper is dedicated to the procedure of evaluation of innovative ideas and start-up projects – the methodology of feasibility study. The methodology of feasibility study is considered as the substantiation of the rati...
ESSENCE, FEATURES AND FUNCTIONS OF THE LABOUR DIGITAL MARKET
In the article the author has presented the comparative analysis of both digital and traditional segments of the global labour market. The main functions of the digital labour market are social, economic and stimulant on...