Economy, finances, management: Topical issues of science and practical activity


Issue №: 1 (67)

Published: 2024.03.31
DOI: 10.37128/2411-4413-2024-1

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.

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DOI: 10.37128/2411-4413-2024-1-1
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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.

Keywords: insurance market, insurance protection, insurance compensation, martial law, military risks, investment insurance

List of references

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].

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About journal

Topics of the 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


Key information:
ISSN (print): 2411-4413
DOI: 10.37128

The journal “Economy, finances, management: Topical issues of science and practice” is included in the "List of Scientific Professional Editions of Ukraine". 

The scientific edition is assigned the Category "Б" in the field of economics in specialties 051, 071, 072, 073, 075, 076, 241, 281

(Order of the Ministry of Education and Science of Ukraine No. 249, March 17, 2020).

The journal “Economy, finances, management: Topical issues of science and practice” has a Digital Object Identifier (DOI)

The journal “Economy, finances, management: Topical issues of science and practice” is indexed in such database as Index Copernicus Value (https://journals.indexcopernicus.com/search/form)


The editorial board of the journal is guided by the principles of scientific, objectivity, professionalism, informational support of the most significant innovative researches, observance of standards of publishing ethics.

The purpose of the journal "Economics, finances, management: Topical issues of science and practical activity» is the coverage of leading scientific ideas in the economic, financial and management activities of the sectors of the national economy and the involvement of representatives of the domestic and foreign scientific professional community.


Objectives of the journal:

  • publication of research findings on innovation in the economy, financial and management spheres, innovation of production processes;
  • expanding partnerships with international scientific publishing organizations;
  • enhancing the culture of reviewing and annotating published material;
  • adherence to editorial ethics.


Article publishing is a paid service. Cost for printing in professional publications in accordance with the Decree of the Cabinet of Ministers of Ukraine of August 27, 2010 No. 796 "On approval of the list of paid services that can be provided by state educational institutions, other institutions of the educational system belonging to state and communal ownership" and the order Rector of the Higher Education University Mazura VA dated March 14, 2018 No. 93 “On setting the cost of printing in professional editions of the University”.

The cost of printing one page in professional editions of the university is 60 UAH.

An additional copy of the magazine with the mailing list costs 450 UAH.

Recipient: Vinnytsia National Agrarian University MFO 820172 Current account No. 31256282102055 Code 00497236 Bank State Treasury Service of Ukraine, Kyiv. VAT payer code 004972302286. Registration number 100271744. Purpose of payment: for printing an article in the journal: ”Economy, finances, management: Topical issues of science and practical activity "

History of journal:

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”.

From 2015 ”Economy, finances, management: Topical issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 of PR as of December 31, 2014)

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.