Issue №: 1 (67)
The journal deals with the issues of efficiency of functioning of the national economics and organizational forms of management of the national economy. Attention is paid to the problems of marketing, management and efficiency of production and economic activity of agrarian enterprises. The issues of public administration and administration, accounting and taxation, banking and insurance, forecasting and modeling of economic processes, foreign economic activity, commodity flows of economic entities and their infrastructure support.
THE ACTIVITIES OF INSURANCE COMPANIES UNDER MARTIAL LAW AND THEIR ROLE IN THE POST-WAR RECOVERY OF UKRAINE
MARTSENIUK Olena – Candidate of Economic Sciences, Associate Professor of the Department of the Finance, Banking and Insurance, Vinnytsia National Agrarian University (21008, Vinnytsia, 3, Soniachna Str., e-mail: ovm-r@i.ua).
RUDA Oksana – Candidate of Economic Sciences, Associate Professor of the Department of the Finance, Banking and Insurance, Vinnytsia National Agrarian University (21008, Vinnytsia, 3, Soniachna Str., e-mail: rudaokcana@gmail.com).
The article analyzes the current state of activity of insurance companies, which is formed under the influence of crisis trends of recent years: the Covid-19 pandemic and quarantine restrictions, a full-scale invasion of the russian federation and mass damage. The extent of the damage to the Ukraine’s economy and the needs for recovery have been analyzed, which will include special support and mobilization of the private sector, as well as necessary costs for the recovery of housing, social infrastructure, energy and transport.
It is noted that the downward changes in the number of companies do not have a negative impact on the quality of services provided and the penetration of the insurance market, as these trends may indicate changes in the insurance market and its adaptation to new conditions, reflecting the impact of changes in the economy as a whole, the regulatory environment and demand for specific types of insurance products.
It has been determined that in the future, the number of lawsuits under military policies from the ships damaged by sea mines, missile attacks and bombings in the conflict zone in the Black and Azov seas, as well as under private contracts, will increase in the activity of insurance companies. The structural changes in the insurance market and the factors that caused them are analyzed, as well as the trends of changes are given.
It has been proven that in the conditions of martial law, the issue of war risk insurance possibilities is quite natural. The possibilities of introducing a fully functional military risk insurance system in Ukraine, which is provided for by the Memorandum on Economic and Financial Policy between Ukraine and the IMF, have been studied. This concept was developed with the participation of specialists from the World Bank, the National Bank of Ukraine of Ministry of Finance and the Ministry of Economy of Ukraine, which is positive for the progressive development of the insurance market of our country in the direction of adaptation to EU standards.
A comprehensive analysis of the insurance products of the leading Ukrainian insurers, which provide protection against war risks, was carried out. Prospects for the introduction of new insurance products that will meet the needs of society have been determined.
The most promising is the implementation of the effective measures for the proper insurance of investments against war risks, which can contribute to the attraction of funds for the reconstruction of the country, the relocation of enterprises, the organization of high-tech production and services, the creation of new jobs, the adoption and application of innovative experience, an increase in the level of income and an increase in income to state.
1. Duma, V.V. (2022). Strakhova diialnist v umovakh rosiiskoi ahresii: pravovi pidstavy y praktychni perspektyvy [Insurance activity in the conditions of Russian aggression: legal grounds and practical perspectives]. Naukovi pratsi Natsionalnoho aviatsiinoho universytetu. Seriia: «Yurydychnyi visnyk «Povitriane i kosmichne pravo» – Scientific works of the National Aviation University. Series: «Legal Bulletin «Air and Space Law», 2 (63), 160-166. DOI: 10.18372/2307-9061.63.16724 [in Ukrainian].
2. Yatsenko, O.V. (2022). Derzhavne rehuliuvannia rehionalnoi investytsiinoi diialnosti [State regulation of regional investment activity]. Modern Economics, 34, 123-129. DOI: https://doi.org/10.31521/modecon.V34(2022)-19 [in Ukrainian].
3. Ofitsiinyi vebsait Natsionalnoi komisii, shcho zdiisniuie derzhavne rehuliuvannia u sferi rynkiv finansovykh posluh [Official website of the National Commission, which carries out state regulation in the field of financial services markets]. nfp.gov.ua. Retrieved from: https://nfp.gov.ua [in Ukrainian].
4. «Forinshurer». Onlain-zhurnal Lihy strakhovykh orhanizatsii Ukrainy [«Forinsurer». Online magazine of the League of Insurance Organizations of Ukraine]. forinsurer.com. Retrieved from: https://forinsurer.com/ [in Ukrainian].
5. Kilkist zareiestrovanykh strakhovykh kompanii «non-life» ta «life» [Number of registered insurance companies «non-life» and «life»]. nasu.com.ua. Retrieved from: https://www.nasu.com.ua/ [in Ukrainian].
6. Strakhuvannia pid chas voiennoho stanu: chy ye shansy na vidshkoduvannia [Insurance during martial law: are there any chances of reimbursement]. biz.ligazakon.net. Retrieved from: https://biz.ligazakon.net/analitycs/210301_strakhuvannya-pd-chas-vonnogostanu-chi-shansi-na-vdshkoduvannya [in Ukrainian].
7. U Natsionalnomu banku proponuiut rozdilyty na dva etapy strakhuvannia voienno-politychnykh ryzykiv. Ukrinform [The National Bank proposes to divide the insurance of military and political risks into two stages. Ukrinform]. ukrinform.ua. Retrieved from: https://www.ukrinform.ua/rubric-economy/3694533-u-nacbanku-proponuut-rozdiliti-na-dva-etapi-strahuvanna-voennopoliticnih-rizikiv.html [in Ukrainian].
8. Ofitsiinyi vebsait strakhovoi kompanii ARX [Official website of the ARX insurance company]. arx.com.ua. Retrieved from: https://arx.com.ua/ [in Ukrainian].
9. Ofitsiinyi vebsait strakhovoi kompanii TAS [Official website of the TAS insurance company]. taslife.com.ua. Retrieved from: https://taslife.com.ua/ [in Ukrainian].
10. Ofitsiinyi vebsait strakhovoi kompanii VUSO [Official website of the VUSO insurance company]. vuso.ua. Retrieved from: https://vuso.ua/ [in Ukrainian].
11. Ofitsiinyi vebsait strakhovoi kompanii INHO [Official website of INGO insurance company]. ingo.ua. Retrieved from: https://ingo.ua/ [in Ukrainian].
12. Ofitsiinyi vebsait strakhovoi kompanii PrAT «SK Misto» [The official website of the insurance company PJSC «SK Misto»]. ic-misto.com.ua. Retrieved from: https://ic-misto.com.ua/ [in Ukrainian].
13. Martseniuk, O.V., Ruda, O.L. & Perkun, A.V. (2023). Cuchasni tendentsii formuvannia resursnoho potentsialu strakhovoi kompanii [Current trends in the formation of the resource potential of the insurance company]. Efektyvna ekonomika – Efficient economy, 7. DOI: http://doi.org/10.32702/2307-2105.2023.7.42. Retrieved from: https://nayka.com.ua/index.php/ee/article/view/1877/1894 [in Ukrainian]
14. Shcho zminiuietsia u strakhuvanni v umovakh voiennoho stanu? [What changes in insurance under martial law?]. eba.com.ua. Retrieved from: https://eba.com.ua/shho-zminyuyetsya-u-strahuvanni-v-uovah-voyennogo-stanu/ [in Ukrainian].
15. Pro vnesennia zmin do Zakonu Ukrainy «Pro finansovi mekhanizmy stymuliuvannia eksportnoi diialnosti» shchodo strakhuvannia investytsii v Ukraini vid voiennykh ryzykiv»: Zakon Ukrainy № 3497-IX [On Amendments to the Law of Ukraine «On Financial Mechanisms for Stimulating Export Activity» Regarding Insurance of Investments in Ukraine Against Military Risks: Law of Ukraine № 3497-IX]. (2023, November 22). zakon.rada.gov.ua. Retrieved from: https://zakon.rada.gov.ua/laws/show/3497-20#Text [in Ukrainian].
16. Martseniuk, O.V. (2020). Intehratsiini protsesy yak chynnyk rozvytku strakhovoho rynku Ukrainy [Integration processes as a factor in the development of the insurance market of Ukraine]. Derzhavne upravlinnia: udoskonalennia ta rozvytok – Public administration: improvement and development, 2. DOI: 10.32702/2307-2156-2020.2.30. Retrieved from: http://www.dy.nayka.com.ua/pdf/2_2020/32.pdf [in Ukrainian].
About journal
051 Economics
071 Accounting and taxation
072 Finance, banking and insurance
073 Management
075 Marketing
076 Business, trade and exchange activities
241 Hotel, restaurant and catering
281 Public administration
The journal “Economy, finances, management: Topical issues of science and practice” is included in the "List of Scientific Professional Editions of Ukraine".
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It was founded in 1997 under the name "Bulletin of the Vinnytsia State Agricultural Institute". In 2010-2014 he was published under the title “Collection of scientific works of Vinnitsa National Agrarian University”.
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According to the decision of National Council of Television and Radio Broadcasting of Ukraine from 25.04.2024 No. 1337 the scientific journal «Economy, finances, management: topical issues of science and practical activity» has the ID of the Media R30-05171.
