Open AccessCompulsory insurance in the provision of insurance protection
Author(s) -
Larisa Orlanyuk-Malitskaya
Publication year - 2021
Publication title -
putevoditelʹ predprinimatelâ
Language(s) - English
Resource type - Journals
eISSN - 2687-136X
pISSN - 2073-9885
DOI - 10.24182/2073-9885-2021-14-3-48-61
Subject(s) - business , key person insurance , casualty insurance , risk management , income protection insurance , insurance law , insurance policy , actuarial science , business interruption insurance , social insurance , general insurance , public economics , finance , economics , market economy
The transition to a digital economy in a «risk society» is transforming financial institutions, changing their social significance and strategic development goals. The development of insurance in general, and compulsory insurance in particular, is influenced by two global factors: changing the risk situation, including qualitative changes in the nature of the risk; and the growth of public consciousness in the field of risk management, awareness of the need for insurance protection. Compulsory insurance aimed at protecting the public interest in this situation becomes of particular importance. The structure of threats and new phenomena in the realization of risk require at this stage more than the current state participation in compulsory insurance.