The Current Trends and Features of the Motorcar Insurance Market in Ukraine
The article is aimed at examining the modern features of the motor car insurance market in a pandemic period based on the analysis of tendencies and challenges in the activities of market participants to substantiate the promising vectors of transformation of this sector of the insurance market in U...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Research Centre of Industrial Problems of Development of NAS of Ukraine
2021-03-01
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| Series: | Bìznes Inform |
| Subjects: | |
| Online Access: | https://www.business-inform.net/export_pdf/business-inform-2021-3_0-pages-170_178.pdf |
| _version_ | 1819086099913375744 |
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| author | Sloboda Larysa Ya. Rudenko Zoryana M. |
| author_facet | Sloboda Larysa Ya. Rudenko Zoryana M. |
| author_sort | Sloboda Larysa Ya. |
| collection | DOAJ |
| description | The article is aimed at examining the modern features of the motor car insurance market in a pandemic period based on the analysis of tendencies and challenges in the activities of market participants to substantiate the promising vectors of transformation of this sector of the insurance market in Ukraine. As result of the study, the activities of domestic leading insurance companies in the sphere of motor car insurance by types of insurance and its forms; introduction of electronic policies and remote insurance services; activation of electronic European protocol; settlement of insurance events, tariff and price policy are analyzed. The channels of distribution of insurance services in the sphere of motor car insurance are explored and approaches to the use of remote Internet channels of customer service and sale of insurance products are developed. In particular, through the use of telematics technology based on the integration of the means of telecommunications and information processing and information transmission instruments, which significantly simplifies and accelerates insurance processes. According to the results of the analysis, a number of stimulating and disincentive factors in the development of the motor car insurance market of Ukraine are distinguished. The influence of financial and regulatory challenges in the activity of participants of the motor car insurance market in Ukraine is determined and the key problems of its functioning in the conditions of recessive phenomena of COVID-19 are singled out. The proposed recommendations are characterized by a modern approach to taking into account the peculiarities of the motor car insurance market in Ukraine in the process of developing measures to improve its functioning through the integration of its qualitative and quantitative trends both at the macroeconomic (the State-controlled) and at the micro level – insurance companies and their cooperation with policyholders. |
| first_indexed | 2024-12-21T21:14:52Z |
| format | Article |
| id | doaj.art-82f61790e8e14c7eae89f30738f3130b |
| institution | Directory Open Access Journal |
| issn | 2222-4459 2311-116X |
| language | English |
| last_indexed | 2024-12-21T21:14:52Z |
| publishDate | 2021-03-01 |
| publisher | Research Centre of Industrial Problems of Development of NAS of Ukraine |
| record_format | Article |
| series | Bìznes Inform |
| spelling | doaj.art-82f61790e8e14c7eae89f30738f3130b2022-12-21T18:50:03ZengResearch Centre of Industrial Problems of Development of NAS of UkraineBìznes Inform2222-44592311-116X2021-03-01351817017810.32983/2222-4459-2021-3-170-178The Current Trends and Features of the Motorcar Insurance Market in UkraineSloboda Larysa Ya.0https://orcid.org/0000-0002-8953-9111Rudenko Zoryana M.1Educational and Scientific Institute of Economic and Social Relations of Banking UniversityEducational and Scientific Institute of Economic and Social Relations of Banking UniversityThe article is aimed at examining the modern features of the motor car insurance market in a pandemic period based on the analysis of tendencies and challenges in the activities of market participants to substantiate the promising vectors of transformation of this sector of the insurance market in Ukraine. As result of the study, the activities of domestic leading insurance companies in the sphere of motor car insurance by types of insurance and its forms; introduction of electronic policies and remote insurance services; activation of electronic European protocol; settlement of insurance events, tariff and price policy are analyzed. The channels of distribution of insurance services in the sphere of motor car insurance are explored and approaches to the use of remote Internet channels of customer service and sale of insurance products are developed. In particular, through the use of telematics technology based on the integration of the means of telecommunications and information processing and information transmission instruments, which significantly simplifies and accelerates insurance processes. According to the results of the analysis, a number of stimulating and disincentive factors in the development of the motor car insurance market of Ukraine are distinguished. The influence of financial and regulatory challenges in the activity of participants of the motor car insurance market in Ukraine is determined and the key problems of its functioning in the conditions of recessive phenomena of COVID-19 are singled out. The proposed recommendations are characterized by a modern approach to taking into account the peculiarities of the motor car insurance market in Ukraine in the process of developing measures to improve its functioning through the integration of its qualitative and quantitative trends both at the macroeconomic (the State-controlled) and at the micro level – insurance companies and their cooperation with policyholders.https://www.business-inform.net/export_pdf/business-inform-2021-3_0-pages-170_178.pdfmotor car insurancemotor car insurance marketdigitalization of insurance servicesremote customer service channels |
| spellingShingle | Sloboda Larysa Ya. Rudenko Zoryana M. The Current Trends and Features of the Motorcar Insurance Market in Ukraine Bìznes Inform motor car insurance motor car insurance market digitalization of insurance services remote customer service channels |
| title | The Current Trends and Features of the Motorcar Insurance Market in Ukraine |
| title_full | The Current Trends and Features of the Motorcar Insurance Market in Ukraine |
| title_fullStr | The Current Trends and Features of the Motorcar Insurance Market in Ukraine |
| title_full_unstemmed | The Current Trends and Features of the Motorcar Insurance Market in Ukraine |
| title_short | The Current Trends and Features of the Motorcar Insurance Market in Ukraine |
| title_sort | current trends and features of the motorcar insurance market in ukraine |
| topic | motor car insurance motor car insurance market digitalization of insurance services remote customer service channels |
| url | https://www.business-inform.net/export_pdf/business-inform-2021-3_0-pages-170_178.pdf |
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