Vehicle Insurance Market Competitive Position Estimation in Ukraine in Terms of European Integration

  • Authors

    • Liudmyla Shapoval
    • Taina Zavora
    2018-10-13
    https://doi.org/10.14419/ijet.v7i4.8.27457
  • competitiveness, insurance, insurance services market, profitability, vehicle insurance.
  • Place and importance of vehicle insurance at insurance services market in Ukraine is defined. Interaction mechanism between vehicles insurance subjects and objects is revealed. Complex estimation of domestic vehicle insurance market is carried out. Share of vehicles insurance in the structure of insurance market of Ukraine is defined. Analysis of the main indices of vehicles insurance market activity is conducted. Algorithm of Ukrainian vehicles insurance market competitive position estimation based on the method of multidimensional comparable analysis consisting of five stages is suggested. Types of vehicles insurance according to effectiveness indices are specified. Methodical grounds of Ukrainian vehicles insurance market competitive position estimation are defined. Prognostic model of vehicles insurance market competitive position is created grounded on simple linear regression which will enable modeling of vehicles insurance types condition in future according to European requirements.

     

     

     
  • References

    1. [1] Bazylevych V., Virchenko V., Nature of intellectual Property insurance and its Role in modern Economy, Bulletin of Taras Shevchenko National University of Kyiv. Economics, №1(166), (2015), рр. 6-13, doi: dx.doi.org/ 10.17721/1728-2667.2015/166-1/1.

      [2] Pukała R., Vnukova N., Achkasova S., Smoliak V., Improvement of the methodology for assessing the capital adequacy to cover the reinsurance default risk, Economic Annals-XXI, Vol. 165 №(5-6), (2017), pp. 152-156, doi: https://doi.org/10.21003/ea.

      [3] Pukała R., Vnukova N. & Achkasova S., Identification of the priority instruments affecting regulations on the development of insurance in the framework of international, Journal of Insurance, Financial Markets and Consumer Protection, № 23, (2017), pp. 28-40, available online: https://rf.gov.pl/ru/wpcontent/uploads-/2017/06/RU23-3.pdf, last visit: 20.06.2018.

      [4] Slobodianiuk O., Tolkacheva G., Institutional forms and their competitive analysis of organization of insurance activities in Ukraine, Economics. Ecology. Socium, â„–2 (1), (2018), pp. 99-110, doi: https://doi.org/10.31520/2616-7107/2018.2.1-9.

      [5] Achkasova S., The governmental regulation of the insurance market in the European integration processes, Economic Annals-XXI, №7-8 (2), (2015), рр. 49-52.

      [6] Cummins J. D., & Weiss M. A. Systemic risk and the U.S. insurance sector, Journal of Risk and Insurance, â„– 81(3), (2014), pp. 489-528, doi: https://doi.org/10.1111/jori.12039.

      [7] Rajeev M., Abdul Kader Dr. S. M., A Study of the Impact of Privatisation on the Performance of Indian General Insurance Sector, International Journal of Engineering Research and Modern Education, (2016), available online: http://apo.org.au/node/66345 //, last visit: 28.08.2018, doi:10.5281/ZENODO.159068.

      [8] Cai J., Lemieux C., &. Liu F., Optimal reinsurance with regulatory initial capital and default risk, Insurance: Mathematics and Economics, Vol. 57, (2014). pp. 13-24, doi: https://doi.org/10.1016/j.insmatheco.2014.04.006.

      [9] Hudakova M., & Adamko, J., Technical reserves in insurance and Slovak insurance market, Economic Annals-XXI, Vol. 162, №11-12, (2017), рр. 98-103, doi: https://doi.org/10.21003/ea.V162-20.

      [10] On insurance: Law of Ukraine dated on March 7, 1996 No. 85/96-VR. - Retrived from: http://zakon0.rada.gov.ua/laws/show/85/96-%D0%B2%D1%8023.

      [11] The official site of the National Commission for State Regulation of Financial Services Markets. Pidsumky diialnosti strakhovykh kompanii za 2015 rik, available online: https://www.nfp.gov.ua/files/DepFinMon/zvitni_dani/sk-_%202015.pdf, last visit: 20.06.2018.

      [12] The official site of the National Commission for State Regulation of Financial Services Markets. Pidsumky diialnosti strakhovykh kompanii za 2016 rik, available online: https://www.nfp.gov.ua/files/sk_%202016.pdf, last visit: 20.06.2018.

      [13] The official site of the National Commission for State Regulation of Financial Services Markets. Pidsumky diialnosti strakhovykh kompanii za 2017 rik, available online: https://www.nfp.gov.ua/files/OgliadRinkiv/SK/2017-_rik/sk_%202017.pdf, last visit: 20.06.2018.

      [14] The official site of the National Commission for State Regulation of Financial Services Markets. Informatsiia pro poserednytski posluhy u strakhuvanni ta/abo perestrakhuvanni available online: https://www.nfp.gov.ua/ua/Informatsiia-pro-poserednytski-posluhy-u-strakhuvanni-taabo-perestrakhuvanni.html, last visit: 22.06.2018.

      [15] The official site of the National Commission for State Regulation of Financial Services Markets. Informatsiia pro stan i rozvytok strakhovoho rynku Ukrainy available online: https://www.nfp.gov.ua/files/OgliadRinkiv/SK/2017_rik/sk_%202017.pdf, last visit: 26.06.2018.

  • Downloads

  • How to Cite

    Shapoval, L., & Zavora, T. (2018). Vehicle Insurance Market Competitive Position Estimation in Ukraine in Terms of European Integration. International Journal of Engineering & Technology, 7(4.8), 772-777. https://doi.org/10.14419/ijet.v7i4.8.27457