Insurance Companies and Territorial Positioning in Ukraine’s Post-war Economic Development: A Comprehensive Historical Analysis, 2015–2019

Olha Kryvytska (), Olga Kneysler (), Giuseppe T. Cirella, Nataliia Spasіv (), Svitlana Korol () and Anna Novoseletska ()
Additional contact information
Olha Kryvytska: National University of Ostroh Academy
Olga Kneysler: West Ukrainian National University
Nataliia Spasіv: West Ukrainian National University
Svitlana Korol: Department of Finance, Ivano-Frankivsk National Technical University of Oil and Gas
Anna Novoseletska: National University of Ostroh Academy

Chapter Chapter 8 in Handbook on Post-War Reconstruction and Development Economics of Ukraine, 2024, pp 121-136 from Springer

Abstract: Abstract This chapter presents an investigation into the competitiveness of Ukraine’s insurance companies during the period 2015–2019. It highlights the successful dominant market positions of companies, showcasing their resilience in the face of economic challenges. The research emphasizes the significance of different territorial characteristics and how they influence the management strategies adopted by insurance companies. Through a thorough examination of the historical dynamics of the Ukrainian insurance market, the study reveals a purification process that took place during the COVID-19 pandemic, resulting in the elimination of uncompetitive companies and the subsequent growth of powerful ones. The findings demonstrate that Kyiv and Kyiv region, along with Zaporizhia and Dnipropetrovsk regions, emerge as the leading regions in terms of collecting insurance premiums for risky types of insurance. Moreover, the research uncovers clear trends in the territorial distribution and concentration of risk insurance across the country. To gain deeper insights into the territorial features and positioning of insurance companies, tabular data is used to establish whether a significant correlation exists between the competitive position of insurance companies and their territorial placement. In conclusion, it is imperative for Ukraine’s post-war economic development to thoroughly consider the insurance market, recognizing it as a crucial component that stimulates positive economic dynamics and has the potential to bolster economic security and foster growth. By acknowledging the significant role of the insurance sector, policymakers can devise strategic plans that leverage its benefits to propel the country’s economic recovery and progress in a positive direction.

Keywords: Insurance market; Economic challenges; Competitive position; Post-reconstruction strategy (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-031-48735-4_8

Ordering information: This item can be ordered from
http://www.springer.com/9783031487354

DOI: 10.1007/978-3-031-48735-4_8

Access Statistics for this chapter

More chapters in Contributions to Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().