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INNOVATIVE APPROACH TO BUDGETING ACTIVITIES OF INSURERS IN THE CRISIS ON THE UKRAINIAN INSURANCE MARKET
Author(s) -
Anatoliy Suprun,
Tetiana Petrishina
Publication year - 2017
Publication title -
periodyk naukowy akademii polonijnej
Language(s) - English
Resource type - Journals
eISSN - 2543-8204
pISSN - 1895-9911
DOI - 10.23856/2501
Subject(s) - ukrainian , business , actuarial science , finance , philosophy , linguistics
Traditional budgeting, despite the critical comments regarding this management tool, is widely used in many medium and large enterprises, including insurance companies. The authors propose an innovative approach to budget management in insurance companies, based on the hyperdynamics feature, permanent instability of today's business environment in the country generally, in the insurance market particularly, and specifics of insurance. In particular, it is a combination of traditional budgeting and non-budgetary methods of financial planning.

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