Information technology development on the Ukrainian insurance market

2021 ◽  
Vol 2 (98) ◽  
pp. 186-194
Author(s):  
O. V. Rolinskyi ◽  
◽  
B. S. Huzar ◽  
Y. V. Ulianych ◽  
O. V. Ponomarenko
Keyword(s):  
Information Technology ◽  
Information Technologies ◽  
Technology Development ◽  
Technological Development ◽  
Online Communication ◽  
Insurance Market ◽  
Insurance Companies ◽  
Insurance Company ◽  
Insurance Policy ◽  
Information Technology Development

In the context of virtualization of economic relations, the entities of the insurance market cannot avoid these processes, so in order to improve the quality and availability of insurance services it is necessary to extend information technology in insurance business. The main motivation for the introduction of information technology by insurance companies is the need to reduce costs, expand the area of activities, ensure the diversification of risks. It is equally important the simplicity and comfort of buying an insurance product online. The insurance market of Ukraine is at the phase of development and formation, having a number of challenges and uncertainties. Therefore, its further information and technological development must obtain priority in the economic and social aspects of state policy, taking into account its European integration guidelines. The article considers the importance of modern information technologies in the operation of insurance companies in Ukraine. The range of modern software products and information technologies, which are widespread in use in the insurance market of Ukraine, is studied. The key components of information technologies of insurance companies are considered. The concept of Insuretech funding is substantiated and researched. The problems of information technology development on the Ukrainian insurance market are analyzed and the ways of its improvement are offered. For the further development of Internet insurance the improving of legislative framework on this point is essential; it is necessary that the websites of insurance companies contain sufficient amount of information content and a number of opportunities are provided for clients: obtaining truthful information about the activities of the insurance company and its services; calculation of the cost of the insurance policy using an online calculator; filling out an application for insurance; in the case of the event covered by the insurance, remote payment of the insurance policy and insurance payments; delivering to the policyholder of the insurance policy, which would be confirmed by an digital signature; online communication with the client at all stages of sales and administration of insurance policies.

Development vectors and foreign experience of information technologies in the agro-industrial complex of Russia and Belarus

2021 ◽  
pp. 49-61
Author(s):  
I. L. Kovalyev ◽  
M. N. Kostomakhin
Keyword(s):  
Information Technology ◽  
Information Technologies ◽  
Conceptual Development ◽  
Agricultural Sector ◽  
Technology Development ◽  
Technological Development ◽  
Animal Husbandry ◽  
Automatic Regulation ◽  
Industrial Complex ◽  
Information Technology Development

The current stage of information technology development is characterized as digital called BCG (Boston Consulting Group) digitalization, while the analog period in agriculture is over, the industry has entered the digital era, which means that by 2050 the use of new generation technologies will be able to increase the productivity of world agriculture by 70 %. The main stages of information technology development in the world considers some of the most important areas of it technology development and global trends in the digital transformation of the agro-industrial complex based on the analysis of global scientific achievements, research reports, articles by well-known scientists, scientific and expert organizations have been investigated in the article. The main trends that determine the conceptual development of the so-called “Smart (digital) agriculture” are identified, the active use of elements of which contributes in every possible way to the highly rational social, economic, technical and technological development of the agricultural sector. A promising area is Precision Animal Husbandry (similar to Precision Farming). Among the elements of Precision Animal Husbandry the most widely used are identification and monitoring of individual animals using modern information technologies (feeding ration, milk yield, growth, body temperature, activity), meeting their individual needs; automatic regulation of the microclimate and control of harmful gases; monitoring the health of the herd, product quality; electronic database of the production process; robotization of the milking process.

scholarly journals Key Aspects of Online Insurance

2020 ◽  
Vol 2 (97) ◽  
pp. 64-74
Author(s):  
E.T. Prokopchuk ◽  
◽  
Y.V. Ulianych ◽  
S.A. Ptashnyk ◽  
N.V. Butko
Keyword(s):  
Insurance Market ◽  
Insurance Companies ◽  
The Internet ◽  
Internet Services ◽  
Insurance Company ◽  
Insurance Policy ◽  
Internet Technologies ◽  
Advantages And Disadvantages ◽  
On Line ◽  
Insured Event

In the conditions of virtualization of economic relations, the subjects of the insurance market can not stay away from these processes, so in order to improve the quality and level of availability of insurance services it is necessary to spread internet technologies in insurance. The main incentive for the introduction of Internet services by insurance companies is the need to reduce costs, expanding the geography of activities, ensuring diversification of risks. No less important factors are simplicity and comfort of on-line purchase of insurance product. The Ukrainian insurance market is at the stage of development and formation, having a number of problems and uncertainties. Therefore, its further information and technological development should receive priority in the economic and social aspects of government policy, taking into account its European integration guidelines. The article deals with the concept of Internet insurance. It is established that the approaches of scientists to the disclosure of the content of the concept of "Internet insurance" have differences. However, they converge on the definition of the Internet insurance as a process of interaction between the insurance representative and the insurer, connected with the provision of insurance services by the insurer, their service, performance of insurance payments in case of occurrence of an insured event due to the use of Internet technologies. The main advantages and disadvantages of online insurance are presented. The list of main advantages includes: simplification of the insurance process, efficiency of registration, simplicity and universality of payment methods, minimization of "human" factor, automation of calculation of the sum insured and tariffs with the help of insurance multicalculator. The list of main drawbacks includes: a much smaller number of insurance products are placed on the Internet sites of insurance companies for sale, the need for the client to understand the nuances and subtleties of working with the site of the insurer, set certain options for insurance amounts, which the client can not change. The stages of obtaining the insurance service through the Internet system have been considered, the offer of services by insurance companies of Ukraine "in live" and "on-line" and innovations on the Internet insurance market of Ukraine have been analyzed, the main spectrum of Internet services providing insurance companies in the Internet has been investigated, the number of insurance companies for the last years has been considered in dynamics. For the further development of Internet insurance it is necessary to improve the legal framework on this issue; it is necessary that the sites of insurance companies contain sufficient information content and for the customers a number of opportunities: obtaining true information about the activities of the insurance company and its services; calculation of the cost of the insurance policy with the help of online calculator; filling in an application for insurance; in case of an insured event, the implementation of remote payment of the insurance policy and insurance payments; delivery of the insurance policy to the customers; and delivery of the insurance policy to the customers.

scholarly journals CHURN PREDICTION PELANGGAN MENGGUNAKAN CRISP-DM (Studi Kasus Pelanggan TelkomFlexi Bandung)

2013 ◽  
Vol 5 (1) ◽  
pp. 53-62
Author(s):  
Yance Sonatha
Keyword(s):  
Data Mining ◽  
Information Technology ◽  
Information Technologies ◽  
Technology Development ◽  
Churn Prediction ◽  
Process Data ◽  
Use Of Data ◽  
Churn Analysis ◽  
Information Technology Development ◽  
A Company

Nowadays, the need to stay ahead of the competencies is one of the company's focus. In an effort to stay afloat in the competitive conditions, companies can perform a variety of information technology development. One of the information technologies that are currently being intensively developed is the use of Data Mining. Data Mining provides benefits to process data into useful information for a company. The main pont of the research on this journal is to establish data mining models to  identify TelkomFlexi postpaid customers who have the possibility to move to another provider (churn analysis).Churn analysis is done so that the company can choose the most appropriate strategy in retaining customers. Type of data mining is used to churn analysis is classification.

Information Technology Development Risks in the Banking Sector

2020 ◽  
Vol 14 (3) ◽  
pp. 44-53
Author(s):  
N. E. Sokolinskaya ◽  
L. M. Kupriyanova
Keyword(s):  
Information Technology ◽  
Customer Service ◽  
Banking Sector ◽  
Technology Development ◽  
Banking System ◽  
Security Risk ◽  
On Line ◽  
Information Technology Development ◽  
Development Risks ◽  
Security Risk Management

The relevance of the article is because in parallel with the processes of introduction of innovations in the field of automation and computerization of the banking system, the number of types of banking risks associated with innovations in the field of on-line customer service and internal Bank reporting, as well as information systems. As a result of this article, we have studied the latest legislative acts of the Central Bank of Russia as a mega-regulator and summarized the practice of both individual credit institutions and the banking sector in the field of information technology development risks in the banking sector. To strengthen the development of new financial technologies in the digital economy, it is necessary to regularly discuss the emergence of new phenomena and innovations; to consider the possibility of further analysis of existing methodological developments to exchange best practices of banks. Building an effective it security risk management system is not a one-time project. Still, a complex process is important, focused on minimizing external and internal threats and taking into account the limitations on resources and time factor

Indian Life Insurance Market and Corporate Performances: A Study of Selected Firms

2016 ◽  
Vol 4 (1) ◽  
Author(s):  
Joy Chakraborty ◽  
Partha Pratim Sengupta
Keyword(s):  
Market Share ◽  
Life Insurance ◽  
Market Concentration ◽  
Insurance Market ◽  
Insurance Companies ◽  
Insurance Company ◽  
Life Insurance Company ◽  
Insurance Sector ◽  
Life Insurers ◽  
Company Limited

In the pre-reform era, Life Insurance Corporation of India (LICI) dominated the Indian life insurance market with a market share close to 100 percent. But the situation drastically changed since the enactment of the IRDA Act in 1999. At the end of the FY 2012-13, the market share of LICI stood at around 73 percent with the number of players having risen to 24 in the countrys life insurance sector. One of the reasons for such a decline in the market share of LICI during the post-reform period could be attributed to the increasing competition prevailing in the countrys life insurance sector. At the same time, the liberalization of the life insurance sector for private participation has eventually raised issues about ensuring sound financial performance and solvency of the life insurance companies besides protection of the interest of policyholders. The present study is an attempt to evaluate and compare the financial performances, solvency, and the market concentration of the four leading life insurers in India namely the Life Insurance Corporation of India (LICI), ICICI Prudential Life Insurance Company Limited (ICICI PruLife), HDFC Standard Life Insurance Company Limited (HDFC Standard), and SBI Life Insurance Company Limited (SBI Life), over a span of five successive FYs 2008-09 to 2012-13. In this regard, the CARAMELS model has been used to evaluate the performances of the selected life insurers, based on the Financial Soundness Indicators (FSIs) as published by IMF. In addition to this, the Solvency and the Market Concentration Analyses were also presented for the selected life insurers for the given period. The present study revealed the preexisting dominance of LICI even after 15 years since the privatization of the countrys life insurance sector.

A Manufacturing Systems Engineering View of IT Research and Development

1987 ◽  
Vol 2 (3) ◽  
pp. 114-118
Author(s):  
M.W. Dale
Keyword(s):  
Information Technology ◽  
Research And Development ◽  
Systems Engineering ◽  
Manufacturing Systems ◽  
Technology Development ◽  
Human Interface ◽  
Real World Applications ◽  
Computing Skills ◽  
Information Technologists ◽  
Information Technology Development

This paper presents a manufacturing systems engineering view of important issues relating to IT research and development. It argues for an approach to the next phase of information technology development which is heavily based on real-world applications with the dominant influences held by educated users and engineers who have added computing skills, rather than information technologists. It argues for ‘consolidation’ with particular attention to total systems integration and an emphasis on the need to professionally engineer the human interface.

THE ROLE OF INFORMATION TECHNOLOGIES IN THE FIELD OF SCIENCE AND TECHNOLOGY DEVELOPMENT

2021 ◽  
Vol 2 (1) ◽  
pp. 25-33
Author(s):  
Otabek Allayarov ◽  
◽  
Hasan Yarbaev
Keyword(s):  
Information Technology ◽  
Information Technologies ◽  
Technology Development ◽  
Science And Technology ◽  
Scientific Research ◽  
Political Reform ◽  
Research And Innovation ◽  
The World ◽  
Role Of Information

The articledescribes thatit is impossible the development of society without the development of science, in this senseour state pay attention to in the field of science in the context of science and social-political reform, spiritual renewalasin all countries of the world. Scientifically and practically defined the role of information technology in the development of science and technology, as well as the creation of effective mechanisms for stimulating research and innovation, the introduction of science and innovation achievements. Moreover, the role and significance of information technology in the development of scientific research in the field of technologywas stated

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