FEATURES OF PROVIDING FINANCIAL SERVICES BY LIFE INSURANCE COMPANIES IN UKRAINE

Author:

Khrystyna Shtyrkhun, Chernihiv National University of Technology (95 Shevchenka Str., Chernihiv, Ukraine).

Olkhovyk Yuliia, Chernihiv National University of Technology (95 Shevchenka Str., Chernihiv, Ukraine).

Romanenko Oleksandr, Chernihiv National University of Technology (95 Shevchenka Str., Chernihiv, Ukraine).

Language: ukrainian

Annotation:

The article presents the results of the study of the formation, development and current state of life insurance companies in the financial market of Ukraine. For a more clear disclosure of the topic, the approaches of different scholars to the interpretation of the concept of "life insurance" have been analyzed and the history of the formation of financial institutions has been considered briefly. The general mechanism of functioning of life insurance companies has been developed. The main reasons for reducing the number of analyzed organizations in our state have been revealed, as well as general current trends of insurers development have been outlined. A dynamic analysis of gross insurance premiums and assets of the institutions under investigation has been carried out. On the basis of obtained data, a list of leading life insurance companies in Ukraine has been defined and, as a generalization, the services of companies and the conditions on which they are provided to consumers have been described.

Key words:

life insurance companies; insurer; financial institution; insurance; insurance premiums, insurance contract; insurance market

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