scholarly journals Insurance of tourist activity in Ukraine

2019 ◽  
Vol 21 (92) ◽  
pp. 115-119
Author(s):  
O. Dadak ◽  
M. Dorosh-Kizym ◽  
R. S. Grabovsky ◽  
R. P. Dudiak
Keyword(s):  
Developed Countries ◽  
Tourism Industry ◽  
The State ◽  
Insurance Market ◽  
Stable Operation ◽  
Management Tools ◽  
International Tourist ◽  
Tourism Enterprises ◽  
Economic Nature ◽  
High Degree

At present, tourism insurance is in high demand in Ukraine, as there has been a big tendency in recent years to increase the number of people traveling abroad. The reason for such growth in the tourism sector is primarily due to a change in the way of life of Ukrainian citizens, the adoption of a visa-free regime, adequate prices for rest and quality of service provision in comparison with domestic ones. The modern insurance market offers a large assortment of insurance products, which enables it to integrate with other sectors of the economy. Tourist activity in its economic nature is characterized by a high degree of riskiness, and therefore its effective functioning is impossible without insurance. All developed countries have long introduced insurance in the tourist market for the successful functioning of this industry and the state economy as a whole. The issue of insurance in tourism in the Ukrainian market is problematic, as it is characterized by low awareness and trust in the population, insufficient attention from the state authorities. Insurance and tourism are of great importance for the development of the economy. The growth of the dynamics of international tourist flows requires the strengthening of the quality requirements of tourist services and the existence of the insurance market. Insurance of tourism industry is a new type of insurance in Ukraine, the study and analysis of the problems of this type of insurance is not perfect and little studied by domestic scientists, in contrast to foreign ones. The tourism industry always has a certain danger to the life of both tourists and its employees. Natural disasters, accidents and other unforeseen events can affect the balanced activities of the tourist complex. After all, with the development of scientific and technological progress, the natural and industrial-economic cataclysms are not decreasing, but on the contrary increasing. In order to ensure the stable operation of travel companies and to ensure quality recreation for tourists in various areas of high risk, there are various risk management tools, one of which is insurance. Insurance as a component of the security system in the tourism industry helps to stabilize the activity of tourism enterprises and tour operator companies, as well as safety of tourist trips both in Ukraine and abroad.

scholarly journals Ukrainian insurance market: current state and development prospects

2020 ◽  
Vol 66 (5) ◽  
pp. 105-112
Author(s):  
I. Lashchyk ◽  
I. Kondrat ◽  
P. Viblyi ◽  
V. Bilets
Keyword(s):  
Developed Countries ◽  
Scientific Paper ◽  
Negative Influence ◽  
The State ◽  
Economic Situation ◽  
Insurance Market ◽  
Insurance Companies ◽  
Demand For Insurance ◽  
Current State ◽  
The Usa

The paper is devoted to the investigation of the current state and trends of the insurance market in Ukraine. A number of indicators characterizing the state of insurance market development, such as: the number of insurance companies engaged in risky types of insurance and life insurance; volume and dynamics of gross insurance bonuses and insurance payments; dynamics of the number of concluded agreements on voluntary and compulsory types of insurance, as well as reinsurance agreements; volume and dynamics of assets and insurance reserves of domestic insurance companies are analyzed in this scientific paper. Comparative analysis of the above mentioned indicators with similar indicators of foreign countries is carried out. It is defined that the insurance market of Ukraine lags far behind the countries of Europe, the USA, China, Japan and other developed countries. The reason for such low development is the difficult economic situation in the country caused by such factors as the change of power in 2015, the occupation of part of the territory by the Russian Federation, which shattered the previously unstable economy. Although the economic situation in the country has stabilized in recent years, this is not enough for the insurance market to reach the level of developed economies. The investigation results are presented in the form of tables and graphical interpretations. The factors of positive and negative influence on the development of domestic insurance market are determined and characterized. The main factor influencing the insurance market and ensuring its stability is the control of measures increasing the level of the population insurance culture and the reliability of insurance companies. Such measures will increase the demand for insurance services, insurers will be interested in doing their best and these factors will result in financial market stabilization. This effect will be achieved if the state and insurance companies act in coordinated manner, i.e. if the state provides the insurance market with regulatory framework with unobtrusive supervision, and insurers perform their work honestly and conscientiously. A number of recommendations for the development of domestic insurance companies and the market in general are developed. The main measures are to attract capital not only from European countries, making the insurance market more attractive, but to develop the health insurance, as medicine is quite expensive and the income is low, as well as to introduce the new insurance products due to the development of all industries.

scholarly journals RESEARCH OF THE MODERN CONDITION OF THE TOURIST SERVICES OF UKRAINE TOURIST MARKET

2019 ◽  
Keyword(s):  
Information Technologies ◽  
Tourism Development ◽  
Legal Regulation ◽  
State Regulation ◽  
Tourism Industry ◽  
The State ◽  
Transport Infrastructure ◽  
Infrastructure Development ◽  
Tourism Enterprises ◽  
Business Entities

The article is devoted to the study of the current state of the infrastructure of Ukrainian tourist market, particularly, in Kharkiv region. The dynamics of the country's tourist flows over the last five years, the problems of tourism development in Ukraine as well as the ways of improving Ukrainian tourist market were analysed. The tourism industry is developing around the world, and in some countries it is the basis for budgeting. Ukraine has all the preconditions for tourism development and it can become competitive in the global tourism market. The development of a tourism structure must be balanced and fully responsive to the needs of people. The tourism enterprises must work effectively. The process of market infrastructure development should be proportional and it requires a systematic approach to management. It is necessary to work out a strategy for developing the infrastructure of tourist market on the basis of a scientifically grounded procedure of its forecasting, regulation, adaptation to changes in consumer priorities, external conditions and risks. Our research proves that there is a significant potential for tourist services in Ukraine that can increase the level of competitiveness. The strategy for development of the infrastructure of the tourist market in Ukraine should take into account the following ways: rationalization of schemes of tourist routes; active integration of information technologies in the field of tourist services; active participation in international programs; financing of applied research in the field of tourism; simplification of state regulation of business entities in the sphere of tourism business; improvement of legal regulation; monitoring of the state of the infrastructure of tourist market and co-financing of objects by the state and private sector; introduction of an advertising campaign to attract domestic and foreign tourists to Ukraine; implementation of measures for the development of tourist transport infrastructure.

Efficient companies and results of Istrian tourism industry through transforming of ownership and privatisation

1997 ◽  
Vol 3 (2) ◽  
pp. 329-342
Author(s):  
Desimir Bošković ◽  
Zdenko Tomčić ◽  
Zdravko Šergo
Keyword(s):  
Complex Problem ◽  
Tourism Industry ◽  
The State ◽  
Property Relations ◽  
Development Cycle ◽  
Tourism Sector ◽  
Technological Structure ◽  
New Development ◽  
Tourism Enterprises ◽  
Great Percent

The transforming of ownership in the tourism sector of Istrian industry, has been conducted as in different sectors whereby a great percent of sectors have become the state- property , and the final privatisation has still to be conducted. The future property structure is dominated by the institutionalized forms of the state as the Croatian privatisation fund, Retirement fund and banks, which is contradictory with the foreseen goals of privatisation and market economy which Croatia is turning to. The transforming of ownership relations of tourism companies has created the presumptions for new property relations and development of business and management as the most secure way towards the healing of the tourism industry. This article analyzes the processes of ownership transforming and privatisation of Istrian hospitality and tourism enterprises, main limitations which influence the direction and success of privatisation, and also give propositions and possible solutions of this complex problem. The long-termed meaning of this process is characterized in the structural change of the tourism offer, business, management, technic-technological structure, marketing and a new development cycle.

scholarly journals DIRECTIONS FOR IMPROVING THE INSURANCE MARKET REGULATION

2019 ◽  
Vol 2019 (7-8) ◽  
pp. 55-70
Author(s):  
Olga KLYMENKO ◽  
Keyword(s):  
Financial Services ◽  
Developed Countries ◽  
Legal Framework ◽  
The State ◽  
Insurance Market ◽  
Insurance Companies ◽  
Main Task ◽  
Market Regulation ◽  
Positive Direction ◽  
Further Development

The current state of the non-bank financial services markets is analyzed using the insurance market as an example. Features and directions of its development are revealed. The author considers the functioning of insurance companies in Ukraine’s market and insurance performance indicators for 2018 and early 2019. Based on the analysis, the problems of the insurance market activity that hinder its development are identified. Ukraine’s insurance market is gradually moving in a positive direction and has considerable potential for further development; however, it is still significantly inferior to similar markets in democratically and economically developed countries. The role of the insurance market in the socio-economic development of regions is researched. It is shown that the stability of functioning of the insurance services market directly depends on the state of Ukraine’s economy, GDP, and average wage and pension. The main factor limiting the rapid growth of this market is the low solvent demand of the population for insurance services. The specifics of the insurance market (along with consideration of this sector of non-banking financial services across the country), also requires detailing the nuances of the activities of entities operating in the regions of Ukraine.In order to increase the protection of consumers of insurance services, the state regulators need to take further measures to free the market from troubled, insolvent, and unscrupulous insurance companies, as well as to establish an economically justified level of remuneration for intermediaries and regulate their activity. The main task to develop the institutions of non-bank financial services, in particular, the insurance market, is to increase Ukrainian citizens’ trust in them, and to integrate the legal framework in this field into the European legislative system. It is shown that the main goals and objectives of further development of these markets in Ukraine are to increase their transparency, capitalization, and liquidity. The relevance of the assessment of the concentration of Ukraine’s insurance market and the concentration indicators are considered. The author analyses the relationship between the concentration of the market and the number of insurance companies on it. In order to improve the depth and reliability of the assessment of the concentration on Ukraine’s insurance market, it is proposed to introduce correcting coefficients to the limiting values of the Herfindahl-Hirschman index.

scholarly journals Exploring Tourism Opportunities: Role of Financial Institutions in the Promotion of Tourism Entrepreneurship in Kerala

2021 ◽  
Vol 19 (2) ◽  
pp. 86-100
Author(s):  
Ibrahim P. A. ◽  
Keyword(s):  
Financial Institutions ◽  
Positive Association ◽  
Tourism Industry ◽  
The State ◽  
Financial Assistance ◽  
Primary Data ◽  
Tourism Sector ◽  
Tourism Enterprises ◽  
Asset Creation

This study aims to assess the role of financial institutions in promoting tourism entrepreneurship in the state of Kerala; Kerala is a brand of Indian tourism and the destiny of world tourism. The study highlights the acumen behind the promotion of tourism entrepreneurship, tourism opportunities in Kerala and identifies the role of financial institutions in exploring tourism opportunities with the primary data sourced from 222 tourism entrepreneurs of Kerala. The study found that financial institutions significantly assist tourism enterprises in asset creation. Further, the findings reveal a positive association between financial assistance in the innovation of recreation facilities and a stimulus to start enterprises in the tourism sector. The study provides deeper insights to managers and academicians that the financial institutions should extend credit to the tourism industry as Priority Sector Lending (PSL) along with other prime lending sectors.

scholarly journals ANALYSIS OF SOUVENIRS PURCHASE PATTERN IN INTERNATIONAL TOURIST IN SABAH

2019 ◽  
pp. 19-31
Author(s):  
Jim Jipun
Keyword(s):  
Local Food ◽  
Food Products ◽  
Self Esteem ◽  
Tourism Industry ◽  
The State ◽  
Food And Beverages ◽  
International Tourist ◽  
Important Activity

Over the last few decades, the tourism industry has grown tremendously in Malaysia, especially the state of Sabah. The shopping sub-sector is an increasingly important component in the industry as well as accommodation, food, and beverages, local transportation, entertainment and more. Statistics released by Tourism Malaysia records the bulk of international tourist spending in the country for shopping. Shopping spending increased from 31.3% in 2015 to 31.7% in 2016, surpassing the expenditure on accommodation for the second consecutive year. The purpose of this study is to identify patterns of souvenir buying among international tourists in Sabah. The findings reveal that the important features that international travelers prefer in choosing souvenirs are local products, picture imaging, and accessories and decorations. Meanwhile, local food products in the form of dry products are the main choice of international travelers followed by mini products such as key chains, pens, bumper stickers and others, and postcards and handicrafts. In addition, the souvenir features that attract international travelers to buy them are products must be traditional, easy to carry and value for families and friends. It is also found that in addition to self-esteem is given to neighbors and relatives as their main purpose is to buy souvenirs. The purchase of souvenirs is an important activity and experience in tourism to tourists, so it is hoped that this study will contribute to improving and furthering the souvenir industry in Sabah especially and other places throughout Malaysia in general.

Travel & Tourism Industry in Russia: Tendencies and Risks

2008 ◽  
pp. 108-119 ◽  
Author(s):  
A. Ovcharov
Keyword(s):  
Risk Factors ◽  
State Policy ◽  
Tourism Industry ◽  
The State ◽  
Federal State ◽  
Stages Of Development ◽  
International Tourist

The article examines theoretical aspects of tourist risks. The author analyzes the stages of development of Russia’s travel & tourism industry in the context of influence of external and internal risk factors. Data of federal state statistics bodies and international tourist organizations is generalized. On this base tendencies of development of the travel & tourism industry are revealed and directions of the state policy in the field of internal tourism are considered.

TOURIST BUSINESS DEVELOPMENT IN UKRAINE

2019 ◽  
pp. 39-46
Author(s):  
Stefania Mosiuk ◽  
Igor Mosiuk ◽  
Vladimir Mosiuk
Keyword(s):  
National Economy ◽  
Methodological Approach ◽  
Business Development ◽  
Tourism Industry ◽  
The State ◽  
Complete Analysis ◽  
Resource Potential ◽  
The World ◽  
Potential Resource ◽  
Favorable Conditions

The purpose of the article is to analyze and substantiate the development of tourism business in Ukraine as a priority component of the national economy. The methodology of this study is to use analytical, spatial, geographical, cultural and other methods. This methodological approach provided an opportunity to carry out a complete analysis of the state of the tourism industry of the state and to draw some conclusions.The scientific novelty lies in the coverage of the real and potential resource potential for the development of the recreational and tourism sphere in Ukraine, detailing the measures for the country ‘s entry into the world tourist market. Conclusions. Analyzing the state and prospects of tourism business development in Ukraine, it should be noted that this industry is one of the priority areas for improving the economy of the country. Historical, cultural – ethnographic, gastronomic, sanatorium and resort potentials of the country will lead the country into world leaders of the tourism industry when creating favorable conditions for investment and proper marketing.

On the Marketness of Markets and Actor Clout: Market-shaping Roles

2020 ◽  
Vol 4 (2-3) ◽  
pp. 170-184
Author(s):  
Suvi Nenonen ◽  
Kaj Storbacka
Keyword(s):  
The State ◽  
Market Maker ◽  
Relative Power ◽  
Market Evolution ◽  
Network Position ◽  
High Degree ◽  
Market Shaping

In reconnecting marketing to more plastic and malleable markets, we need more understanding about market evolution. In this research we explore how to assess the state of a market, and how the roles of a market-shaping actor vary depending on this state. We view markets as configurations of 25 interdependent elements and argue that well-functioning markets have a high degree of configurational fit between elements. The level of configurational fit describes the state of a market as a continuum from low to high marketness. The clout of a market actor to influence a market configuration is an amalgamation of the actor’s capabilities, network position and relative power. By exploring marketness and clout as contextual contingencies, we identify four market-shaping roles: market maker, market activist, market champion, and market complementor. The focus of a market-shaping actor, in terms of which elements to influence and in which order, vary significantly between roles.

On the issue of the revitalization and modernization of the engineering in Russia

2019 ◽  
pp. 19-24
Author(s):  
A. E. Melnikov
Keyword(s):  
National Economy ◽  
Technological Progress ◽  
Developed Countries ◽  
The State ◽  
Engineering Technology ◽  
Operational Characteristics ◽  
Technical Potential ◽  
Significant Barrier ◽  
The Developed Countries ◽  
Competitive Products

Currently, one of the important tasks of the economic policy of Russia is the formation of a hightech image of the national economy, capable of effective functioning in the changing global geopolitical and geoeconomic conditions. In this context, the issue of revitalization of mechanical engineering, which plays a key role in the development of the country’s economy, is of particular relevance. This sector is a link between scientific and technological progress and the level of provision of domestic producers with domestic machines and equipment, allowing them to produce competitive products and to a lesser extent depend on the state of the external environment. The example of the developed countries of the world shows that the development of advanced engineering technology significantly increases the efficiency of the national economy, helps to accelerate its growth. At the same time, in Russia, in order to unleash the scientific and technical potential and activate engineering, it is necessary to initiate modernization processes in it. Based on the foregoing, the purpose of the study is to analyze the state of Russian engineering from the position of its role in the country’s economy. It is shown that at present a significant barrier to the development of this sector is the predominance of imported equipment, due to technical and operational characteristics, often superior to domestic counterparts.

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