Bulletin of Taras Shevchenko National University of Kyiv. Economics.

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Authors: D. Rasshyvalov, PhD in Economics, Associate Professor Taras Shevchenko National University of Kyiv, Kyiv, Ukraine

This paper studies the fallout of Brexit for insurance industry through a lens of future decisions to be made on the format and mechanism of this process. The operational and institutional aspects are analyzed, with focus on the leading role of the London insurance market in the formation of the capacity of the global insurance market and its dependence on the cash flows of other regional and national insurance as well as financial markets.

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Authors: N. Tkachenko, Doctor of Sciences (Economic), Professor Taras Shevchenko National University of Kyiv, Kyiv, Ukraine, O. Kryvytska, PhD in Economics, Associate Professor National University "Ostroh Academy", Ostroh, Ukraine

The article investigates the practical aspects of the activity of insurance intermediaries in Ukraine. The structure and dynamics of insurance payments for life insurance in Ukraine as a whole, as well as in the context of residents and non-residents, are analyzed. The share of insurance intermediaries in the realization of life insurance services in Ukraine is revealed. The indexes of insurance intermediaries in the organization of life insurance in Ukraine for 2012-2016 are systematized. In the article mention that insurance intermediaries stay in not active phase in their activity in life insurance sphere. The definition of the insurance intermediary is defined in broad and narrow terms. The purpose of the activity of insurance intermediaries is determined. Schematically shows the common and excellent in the activities of the key representatives of insurance mediation – insurance agents and insurance brokers. It is argued that insurance intermediaries have the opportunity to become key players in life insurance, since they are the ones who can reach potential insurers in the shortest possible time. It is also noted that the further development of life insurance will largely depend on the professionalism of the insurance intermediary. Noted the appropriate identification of a life insurance intermediary with a financial advisor.

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Authors: N. Smentyna, Doctor of Sciences (Economics), Associate Professor, N. Klevtsevich, PhD in Economics Odessa National Economic University, Odessa, Ukraine

The role of state partnership with a private sector in ensuring s development of territorial socio-economic systems was grounded. The process of interaction between local authorities and private operators was considered in the context of three stages: justification of the partnership necessity, conclusion a partnership agreement and monitoring the commitments implementation. The situation regarding distribution of PPP projects on the scope of partnership was described that allow to consider the instrument as a basis for joint responsibility for the development of priority sectors of the regional economy. The major issues of interaction between public and private operators that require legislative regulation were identified. The main components of evaluating the effectiveness of PPP projects from a government position and their logical sequence were suggested.

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Authors: N. Prykaziuk, PhD in Economics, Associate Professor Taras Shevchenko National University of Kyiv, Kyiv, Ukraine

A comparative analysis of the definitions of "systemically important", "systemically significant", "systematic financial institutions" was conducted, and the correlation between definitions was established in the article. It was discovered that the definition "systemically important financial institution" is the broadest among those which were investigated, since it was substantiated that not only institutions that are considered large according to their size or volume of transactions, but also those institutions which are of an average or even small size but which are characterized by the presence of a large number of similar financial institutions can be related to the financial institutions that meet the main features of the systemically important institutions. It was determined that the ability to influence the financial system, and the entire economy through financial system is the main feature which determines an institution as a "systemically important financial institution". Systemically important financial institutions can be allocated both at the national and global levels. At the same time, the latter can carry systemic risks and affect not only the national but also the global financial system, the difficulties of their activities can be reflected in the situation of the economy of some countries as well as the aggregate of countries; It was investigated that systemically important financial institutions are those institutions that can potentially carry systemic risks and negatively affect the financial system that in its turn affects the economy as a whole, and that have at least one additional feature related to their large size (capital / assets / the market share / volumes and the complexity of the operations they carry out / the presence of an extensive system of branches and subsidiaries), systematic, the presence of a large number of similar financial institutions or the difficulty (complexity) of their substitution; It was substantiated that systematic financial institutions are those financial institutions, which according to the parameters of the size, the structure and the volume of transactions carried out by them act as an important part of the financial system and taking into account the scale of their activity, can potentially influence it.

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Authors: D. Tretiak, PhD in Economics, Аssistant Taras Shevchenko National University of Kyiv, Kyiv, Ukraine

In order to find ways to innovate the development of personal insurance, problems were summarized and constraining factors that prevent personal insurance from developing as a separate insurance industry. These problems include: the lack of a developed insurance infrastructure, low insurance culture, unfinished reform in the field of health insurance, the slow pace of economic restructuring, low level of the population's solvency, a protracted political crisis, insecurity of insurance companies. Analysis of global trends in the development of insurance business has shown that those insurance companies that will be ready to offer their clients detailed risk analysis and innovative insurance products will win in competition. On the basis of foreign experience, innovative directions for the development of personal insurance in Ukraine were proposed. In particular, during the research, various ways of innovative improvement of life insurance, medical insurance and accident insurance were identified and proposals were developed to expand the assortment of insurance products and distribution channels for these types of insurance.