THE INSURANCE MARKET OF UKRAINE UNDER THE CONDITIONS OF THE STATE OF MARTIAL

Abstract

The purpose of the article is to study the peculiarities of the regulation of insurance activity in Ukraine under martial law and to determine the prospects for the development of national insurance. This article examines the theoretical aspects that define insurance markets and their structure. The dynamics of the number of insurance companies by type and the main indicators of the insurance market are presented in detail.To analyze the state of the insurance market, the amount of insurance premiums and insurance costs, the number of concluded insurance contracts, the amount of income, the share of total insurance premiums, insurance reserves and assets of insurance companies are taken into account. Factors affecting the insurance market of Ukraine are considered. The rating of the leaders of insurance companies of Ukraine by net premiums is given. A number of problems were identified that must be solved to ensure the competitive functioning of insurance markets. In order to overcome the problems of the effective functioning of the insurance market of Ukraine, the methods of improving its activity are given.At the theoretical level of research, it is possible to highlight insurance activity in Ukraine, as it is based on the norms of the Law on National Insurance, the development of which in the pre-war period took a difficult path, but provides a reliable basis for insurance even in the conditions of martial law. Furthermore, there is no doubt that, despite the martial law, there is still room for further development of insurance, especially as an investment vehicle. It looks promising to attract the investment opportunities of insurance companies to restore the nationwide network of medical and pharmaceutical institutions destroyed by the war. Reasoned opinion, the state can introduce new state securities, focusing on insurance investors, etc., the funds will be directed to the restoration of the state health care system