Open AccessInsurance Market of Ukraine in Conditions of Regulatory and Digital Transformation
Author(s) -
Olha Hladchuk,
Volodymyr Odochuk
Publication year - 2020
Publication title -
naukovij vìsnik černìvecʹkogo unìversitetu. èkonomika
Language(s) - English
Resource type - Journals
eISSN - 2519-4372
pISSN - 2519-240X
DOI - 10.31861/ecovis/2020-825-8
Subject(s) - business , work (physics) , ukrainian , financial services , quality (philosophy) , finance , mechanical engineering , philosophy , linguistics , epistemology , engineering
The Ukrainian insurance market shows an increase in quantitative indicators of activity, but the functional and institutional characteristics do not meet modern requirements. Now the insurance market of Ukraine is undergoing important regulatory changes, as a result of which the NBU is beginning to regulate the work of insurers, which gives hope for increasing the quality of activity of insurance market participants. Modern financial technologies have transformed the insurance market, they include big data, artificial intelligence, blockchain, mobile access, which gave impetus to the creation of new insurance products and created opportunities for facilitating clients' access to insurance services.