Regulating Big Data effects in the European insurance market

Porrini, Donatella

doi:10.21511/imc.08(1).2017.01

Cited by 4 publications

(2 citation statements)

References 8 publications

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“…A number of works raise moral and ethical issues of protecting a person's private life, limiting his freedoms when implementing information technologies and potential discrimination (Khominich & Savina, 2020;Porrini, 2017).…”

Section: Literature Review and Research Analysismentioning

confidence: 99%

Digitalization of the insurance business: Systematization of net effects through the example of Russia

Kaigorodova

Мустафина

Pyrkova

et al. 2021

Insurance Markets and Companies

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The pace of digitalization of the insurance industry lags behind similar processes in the banking sector. The main tasks that a Russian insurer solves when using IT technologies are the automation of business operations and the formation of an online system of interaction with customers with the main focus on sales.The purpose of this study is to systematize the effects achieved by insurance market participants when introducing IT technologies and identify incentives to accelerate the insurance sector digitalization. The goal of digitalization of Russian insurers should be the formation of a client interface with a full cycle of services; the transfer to a qualitatively new level of business processes while ensuring the required level of protection; formation of fundamentally new and timely renewal of the existing insurance products. The priority areas of IT technologies used by Russian insurers are identified: cloud computing, chat bots, and information resources that provide online interaction with customers. Factors that have a stimulating effect on the digitalization of the insurance sector are identified: cost reduction, acceleration of business processes, improvement of the quality of customer service and increased competitiveness. The problems and risks of insurers that restrain the use of IT technologies are formulated: high costs of digitalization, lack of qualified personnel, cyber risks, moral and ethical problems.

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Section: Literature Review and Research Analysismentioning

confidence: 99%

Digitalization of the insurance business: Systematization of net effects through the example of Russia

Kaigorodova

Мустафина

Pyrkova

et al. 2021

Insurance Markets and Companies

View full text Add to dashboard Cite

show abstract

“…(Burmaa, 2018; Hong & Hun Seog, 2018; Mnykh, 2017; Sholoiko, 2018). Much attention is paid to specific contemporary problems, namely, the information transparency in the insurance market (Porrini, 2017), the development of a modern branched infrastructure (Sholoiko, 2018), the presence of shadow insurance (Koijen & Yogo, 2016), the interaction of insurance and banking institutions (Chang, 2018), the development of agricultural and environmental insurance (Russell Toth et al, 2019), the interaction of insured and insurers (Gaganis et al, 2019), health insurance of citizens (Geng et al, 2018), etc.…”

Section: Literature Reviewmentioning

confidence: 99%

Governance of factors for the regional insurance market development (evidence from Russia)

Кузнецова

Chernova

Прокопьева

et al. 2019

Problems and Perspectives in Management

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Insurance is the most important institution for social and financial protection. Therefore, the development level of the regional insurance market not only determines the volume and quality of this protection, but also influences the social and economic development of the region through the coverage of risks and the provision of additional jobs. In turn, many factors have a significant impact on the development of the regional insurance market itself. This study is aimed at developing a model for governing the development factors of the regional insurance market, which (governance) focuses on improving the development efficiency of not only the regional insurance market itself, but also the socio-economic development of the relevant region. In this regard, the model for governing the factors of development of the regional insurance market involves solving the following scientific problems: identifying national factors for the functioning and development of the Russian insurance market that influence the development of the regional insurance market; determining regional development factors affecting the regional insurance market; identifying the impact of the regional insurance market on the socio-economic development of the region; developing recommendations on the effective impact of national and regional factors on the regional insurance market development and, through it, on the socio-economic development of the region. Implementation of the proposed model for governing the factors for the regional insurance market development will increase its efficiency and strengthen the socio-economic development of the region.

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Analysis of Ukrainian life insurance market and its tendencies

Tretiak¹

2017

Investment Management and Financial Innovations

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Life insurance is the most important type of personal insurance. The paper analyzes main indicators characterizing the current state of life insurance in Ukraine and its impact on domestic insurance market in general. Trends in insurance premiums and insurance payouts are identified, and concentration of this insurance market segment is examined. Life insurance in the context of its main forms is analyzed. Solutions to the existing problems are determined and recommendations are provided to improve life insurance market in Ukraine.

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Regulating Big Data effects in the European insurance market

Cited by 4 publications

References 8 publications

Digitalization of the insurance business: Systematization of net effects through the example of Russia

Digitalization of the insurance business: Systematization of net effects through the example of Russia

Governance of factors for the regional insurance market development (evidence from Russia)

Analysis of Ukrainian life insurance market and its tendencies

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