Browsing by Author "MALYOVANYI, Mykhaylo"

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    ARCHITECTONICS OF COMPLEX MODERNIZATION OF AGRICULTURAL INSURANCE MARKET OF UKRAINE IN CONDITIONS OF TRANSFORMATION PROCESSES
    (Облік і фінанси, 2021) DANKIEWICZ, Robert; PROKOPCHUK, Olena; MALYOVANYI, Mykhaylo
    Creating a strong agricultural insurance market in Ukraine as an effective resource and tool to strengthen the agricultural sector of the economy from the standpoint of minimizing risks affecting the profitability of production is one of the key stages in the development of the Ukrainian insurance system in the agricultural sector. However, the local agricultural insurance market is still in its infanthood and is developing unsystematically, without a clearly defined development strategy and proper state support. The purpose of the article is to develop proposals for the architecture of complex modernization of the local agricultural insurance market in terms of transformation processes with vector interpretation of its development. The architectonics of complex modernization of the Ukrainian agricultural insurance market in the conditions of transformation processes is offered and the expediency of its strategizing in the context of five key vectors is proved, which, in turn, compose a vector set of directions of strategic character. The author's vision of strategic vectors of complex modernization of the agricultural insurance market of Ukraine is focused on: format outlines of the market (key forms of its further development), compositional structural framework of the market (formatting within the sectoral configuration taking into account the peculiarities of each of the three sectors); in terms of formal - legal norms and rules of insurance and informal restrictions - ethical and cultural norms), innovation of agricultural insurance activities (new approaches to the use of agricultural insurance potential) and agricultural insurance environment (insurance environment in the agricultural sector of the economy). According to the key provisions of the strategy of development of the agricultural insurance market of Ukraine, a logical and functional approach to the architecture of modernization of the Ukrainian agricultural insurance market in the conditions of transformation processes based on the principles: efficiency, tolerance, modernity, innovation, strategizing, transparency, clientele, customer orientation format. The study contains theoretical and practical provisions that form the basis for sustainable and dynamic development of the local agricultural insurance market in terms of transformation processes.
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    Insurance Market in Ukraine and Europe: Current Parallels
    (Granada, Spain, 2019) Barabash, Lesia; Prokopchuk, Olena; MALYOVANYI, Mykhaylo; BONDARENKO, Nataliia; VLASYUK, Svitlana
    The article presents the results of the comparative analysis of insurance market development in Ukraine and Europe on the basis of its quantitative characteristics (in the context of the number of insurance companies, size of insurance premium and insurance payment) and macroeconomic indicators (indexes of insurance penetration and density, the level of insurance payments).The current state of above-mentioned insurance markets in general and in the context of their segmentation (life insurance and non-life insurance) was estimated. It has been determined that the European insurance market is characterized by a high level of organization and efficiency and differs considerably in its structure from the Ukrainian one.The results of the research enabled us to detect the number of problems in the development of Ukrainian insurance market and to determine the key ones among them: formation of imbalanced structure of the insurance portfolio of some insurance companies that lead to the disproportions in the development of different types of insurance; low level of insurance payments and the problem of moral responsibility of insurance companies; distrust of the population in insurance companies and low interest in insurance products; insufficiency of reliable and liquid financial tools to implement the investment activity of insurance companies