Some aspects of insurance financial risks in Ukraine

• Main Author: D.A. Vanina
• Format: Article
• Language: English
• Published: Zhytomyr State Technological University 2015-03-01
• Series: Vìsnik Žitomirsʹkogo Deržavnogo Tehnologìčnogo Unìversitetu: Ekonomìčnì Nauki
• Subjects: financial risk; financial risk insurance; the insurance market in Ukraine
• Online Access: http://ven.ztu.edu.ua/article/view/50142

The article gives a definition of «financial risk of the business entity». The role of insurance in economic protection and sustainable development of the business entity is emphasized. The problem of lack of adequate legislative and regulatory support of financial risk insurance in Ukraine is analyzed. The types of financial risks that can be insured are given. The essence and the role of financial risks insurance are discussed. Comparative characteristics of the main types of financial risk insurance programs in Ukraine are presented. Much attention is paid to the analysis of financial risk insurance in the structure of the insurance market in Ukraine. The main indicators that characterize the current state of this segment of the insurance market are calculated. The tendencies of the domestic insurance market financial risks are presented. The author highlights the main problems that hinder the harmonious development of the analyzed segment of the insurance market in Ukraine. The ways for solution of existing problems are proposed.