Trends in the functioning of the Ukrainian insurance services market

Прокопчук, Олена Тодорівна; Непочатенко, Олена Олександрівна; Malyovanyi, Mykhaylo; Ulyanich, Yuliya; Bilan, Yuriy

doi:10.21511/ins.13(1).2022.05

Cited by 13 publications

(8 citation statements)

References 34 publications

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“…Digital transformation itself is a complex process of transformations based on the use of digital technologies; it involves a fundamental rethinking of how an insurance company works and how it interacts with the environment. This is not a one-time action, but rather a complex process covering all stages of this type of activity, which can be effectively implemented by applying the principles of strategy and planning [4].…”

Section: Research Resultsmentioning

confidence: 99%

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The transformation of the insurance market under the influence of financial digital technologies

Непочатенко¹,

Bechko²,

Ponomarenko³

2023

ISJMEF

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The article deals with the peculiarities of the transformation of the insurance market in the context of digital financial technology. The presented research allowed to define the content of digitalization and to study the peculiarities of its impact on the functioning of insurance market. The following is a brief history of how the insurance industry has been transformed in the course of human social development. It is determined that meeting the challenges of digital transformation in the insurance industry creates an ecosystem in which participants can interact effectively, improve information transparency and the quality of analytical data, optimizes insurers' business processes and attracts a wider range of insurance services to the online environment. It is noted that financial science and insurance education are critical in the transformation of the insurance market. A number of positive factors that influence insurance behavior in the context of the digital economy are substantiated and the expediency and necessity of wide use of modern information and communication technologies in the organization of insurance coverage is not only a global trend, but also a proven reality of today.

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Section: Research Resultsmentioning

confidence: 99%

“…Aspects of the transformation of the insurance market were studied by such scientists as M. Demianchuk, K. Hurzhyi [5], M. Malovanyi, O. Prokopchuk, Yu. Ulianych [4,6]. The influence of digital technologies on the functioning and development of the financial system was studied by H. Azarenkova and I. Shkodina [8].…”

Section: Literature Analysismentioning

confidence: 99%

The transformation of the insurance market under the influence of financial digital technologies

Непочатенко¹,

Bechko²,

Ponomarenko³

2023

ISJMEF

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“…The state funding of sports, the number of educational institutions training professional athletes, coaches, doctors-rehabilitators of sports and other injuries (Cabinova et al, 2021;Kumar et al, 2021;Sarihasan, 2022) directly and indirectly describe the sports management system of any country (Afrifa et al, 2021;Marsova et al, 2021). At the same time, one should emphasize that the investment decision-making process (Moskalenko et al, 2022;Prokopchuk et al, 2022;) in financial markets is complicated in modern conditions due to chaotic behavior and high uncertainty in the development of prices for investment instruments (Carmen et al, 2022;Jankova et al, 2021;Millia et al, 2022).…”

Section: Methodological Approachmentioning

confidence: 99%

The effectiveness of the sports management system in Europe: High achievements, public funding and a healthy lifestyle

Koibichuk¹,

Drozd²,

Somogyi³

2022

Economics &Amp; Sociology

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The article proposes an original approach to evaluating the effectiveness of the sports management system, which differs from the classical linear and non-linear optimization methods due to its use of quantile regression models. Three main indicators were chosen for creating the quantile regressions: (i) number of participants in the Olympic Games - as a feature of the effectiveness of the high-achievement sports; (ii) total number of people engaged in sports - as a feature of an effective mass sports system, which ensures a healthy lifestyle of the population; and (iii) state expenses on recreational and sports services. The quality of quantile regressions was validated by the Fisher test and the two-factor variance analysis. The research focused on the data of 30 European countries, which officially and publicly provide access to statistical reports on these issues. The countries were divided into two groups with above-average and below-average effectiveness of the sports management system. Two hypotheses were proposed and tested in the study. Hypothesis H1 was that the effectiveness of high-achievement sports depends on the amount of state funding for developing the sports industry. Research results confirmed this hypothesis for countries with an above-average level of sports management system effectiveness, but refuted it for the other group. Hypothesis H2 stated that the more massive the development of sport in a country, i.e., the more people are engaged in sports and lead a healthy lifestyle, the more likely this country is to achieve victories in high-achievement sports. This hypothesis was confirmed for both groups of countries.

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“…Information about it is regularly provided by global statistical publications such as Eurostat, etc. It is no accident that GDP is today unanimously established and used as an indicator reflecting the state of economic development of countries (Jurevičienė et al, 2020;Lisiński et al, 2020;Jędrzejczak-Gas, Barska, 2019;Kozyreva et al, 2017;Shkolnyk et al, 2021;Prokopchuk et al, 2022). It is also used in this study.…”

Section: Figure 1 the Impact Of Countries' Economic Development On Th...mentioning

confidence: 99%

The efficiency of municipal waste management systems in the environmental context in the European Union

Ginevičius¹

2022

Journal of International Studies

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Performance criteria of non-energy materials hold an important place in the system of indicators of the green growth strategy. Management of generated municipal waste and its effectiveness depend to a large extent on the ratio of the amount of incinerated, recycled or composted waste to the amount taken to landfills. This ratio is tied to the level of economic development of the country. The conducted research revealed several regularities in the management of generated municipal waste. As the country's economic conditions improve the amount of generated municipal waste increases while the share sent to landfills decreases, and vice versa ‒ less economically developed European Union countries are characterized by a lower amount of generated waste, but a larger amount of it sent to landfills. Multi-criteria methods were used in order to compare countries according to the efficiency of their municipal waste management system in an environmental context. Such assessment entails combining the components into one summarizing measure and taking into account the impact of these components on the environment at the same time. The ranking of the countries revealed that higher efficiency is found in the more economically developed countries of the European Union even though the amount of municipal waste generated in them is higher too. It also became apparent that as it grew, the efficiency gradually decreased.

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Trends in the functioning of the Ukrainian insurance services market

Cited by 13 publications

References 34 publications

The transformation of the insurance market under the influence of financial digital technologies

The transformation of the insurance market under the influence of financial digital technologies

The effectiveness of the sports management system in Europe: High achievements, public funding and a healthy lifestyle

The efficiency of municipal waste management systems in the environmental context in the European Union

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