Open AccessCURRENT TRENDS IN INSURANCE MARKET IN UKRAINE
Author(s) -
Liudmyla Seliverstova
Publication year - 2017
Publication title -
naukovij vìsnik polìssâ
Language(s) - English
Resource type - Journals
eISSN - 2412-2394
pISSN - 2410-9576
DOI - 10.25140/2410-9576-2017-1-2(10)-63-69
Subject(s) - business , relevance (law) , financial market , actuarial science , political science , finance , law
Urgencyoftheresearch. Formation of the developed insurance market of Ukraine will provide favorable conditions for market transformation and sustainable development of the national and global economy and international relationship, which determines the relevance of the research topic.Target setting.Insurance industry of Ukraine stays in the process of gradual integration into the world market, that's why the questions of the current insurancemarket and search for areas of improvement are not explained well enough and needs to be studied deeply. Actual scientific researches and issues analysis.The questions of the development of theory and practice of insurance market formation were analysedand researched by such scientists as V.D. Basylevych, O.D. Vasylyk, M.V. Mnich, T. A. Oral, N.V. Tkachenko, D.O. Tishchenko, A.F. Filonyuk, L. Shirinyan. Uninvestigated parts of general matters defining.In-surance industry of Ukraine stays in the process of gradual integration into the world market, that's why the questions of the current insurance market and search for areas of improvement are not explained well enough and needs to be studied deeply. The research objective.As the result of the research, there will be the deep analysis of current trends in the insurance market of Ukraine and identified areas of improvement of its functioning.The statement of basic materials.The article reviewed and analyzed the current state of the insurance market of Ukraine and key indicators for the insurance activity during 2015-2016. The key problem of the insurance market and the problems that hinder its development are defined, the directions of its improvement and further development are suggested. Conclusions.Nowadays, the Ukraine's insurance market is under development, so has both definite advantages and numerous disadvantages: growth of the insurance market stay behind the growth of the economy and its part of GDP is in-significant. But the Ukrainian insurance market has huge re-sources for its development.