Anastasiia Syzenko
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Assessment of infrastructure entities’ activity on the insurance market
Anzhela Ignatyuk , Antonina Sholoiko , Anastasiia Syzenko doi: http://dx.doi.org/10.21511/imfi.18(1).2021.07Investment Management and Financial Innovations Volume 18, 2021 Issue #1 pp. 76-89
Views: 718 Downloads: 366 TO CITE АНОТАЦІЯThe paper presents an approach to assessing insurance market infrastructure entities’ activity that allows identifying gaps and weaknesses and seeking ways of addressing them in the context of revitalization of such emerging insurance markets as Ukrainian. To determine the impact of costs of insurance market infrastructure entities on the financial performance before taxes resulting from insurance activity, the regression formula is used. It demonstrates significant dependence between financial performance before taxes of insurers and costs of accident commissioner services. Based on this, an assessment approach for groups of insurance market infrastructure entities is created. The assessment results suggest that the efficiency of insurance market infrastructure entities in Ukraine is unsatisfactory (135 points out of 390). To develop infrastructure entities of the insurance market in Ukraine, it is expedient to ensure an effective regulatory framework for all insurance infrastructure entities, including registers, reporting, and a requirement to disclose information on their performance.