Open AccessIMPACT OF COVID-19 ON THE INSURANCE MARKET IN UKRAINE AND AROUND THE WORLD
Author(s) -
Natalia V. Zakharchenko,
С. А. Явір,
Наталя Захарченко,
С. А. Явір,
Natalia V. Zakharchenko,
S. A. Yavir
Publication year - 2021
Publication title -
rinkova ekonomìka: sučasna teorìâ ì praktika upravlìnnâ
Language(s) - English
Resource type - Journals
ISSN - 2413-9998
DOI - 10.18524/2413-9998.2021.1(47).227009
Subject(s) - pandemic , covid-19 , business , business interruption insurance , general insurance , actuarial science , insurance policy , economics , income protection insurance , medicine , disease , pathology , infectious disease (medical specialty)
This article examines the dynamics of the insurance market development during the pandemic and in previous years, which were characterized by moderate growth and provided positive forecasts for 2020. The changes that were caused by COVID-19 and the methods by which insurance companies establish their functioning were investigated. The insurance market is an important element of the market, which both depends and affects the economy of the country and the world as a whole. And that is why it is necessary to understand how the insurance market has reacted and how it can be stabilized. The authors determined the impact of the pandemic on each of the insurance areas, provided insurance companies that quickly reacted and introduced a new risk into their programs - COVID-19, presented insurance programs by which you can insure yourself against the new virus. The positive and negative aspects of the crisis are considered, and the impact of the pandemic on the insurance market is compared separately in Ukraine and in the world.