Features of insurance evolution in the Internet expansion
The article investigates the features of the development of insurance in the Internet expansion. Increasing the number of mobile subscribers, Internet users and social networking, as well as owners of smartphones changes the decision-making process on insurance, marketing of insurance services, th...
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| Format: | Article |
| Language: | English |
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Zhytomyr State Technological University
2015-03-01
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| Series: | Vìsnik Žitomirsʹkogo Deržavnogo Tehnologìčnogo Unìversitetu: Ekonomìčnì Nauki |
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| Online Access: | http://ven.ztu.edu.ua/article/view/50176 |
| Summary: | The article investigates the features of the development of insurance in the Internet expansion.
Increasing the number of mobile subscribers, Internet users and social networking, as well as owners of smartphones changes the decision-making process on insurance, marketing of insurance services, the mechanism of interaction between participants of insurance relations. As a result, insurance companies and intermediaries should adjust strategies and innovate to maintain their competitive advantage.
The research examined the functioning of the foreign experience of P2P insurance (for example «Friendsurance»), microinsurance using mobile payment instruments (for example «Kilimo Salama»), cyber-risks insurance (for example «AIG»), and the possibility of using digital currencies in insurance in particular Bitcoin.
According to the results of investigation the question asked to clarify a number of basic insurance terms, including money payment, the order of payment of insurance premiums, the insurance event and risk, the insurance intermediary.
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| ISSN: | 1728-4236 1728-4236 |