Problematic Aspects in Developing Insurance of Enterprise Financial Risks

Abstract

The aim of the article is to investigate, research and comprehensively solve problematic aspects in developing insurance of enterprise financial risk. By analyzing, systematizing and generalizing scientific works of a number of researchers, the characteristic features and classification of financial risks are examined, and the interpretations of the concept “risk” in view of various theories are systematized. The result of the study is an analytical assessment of financial risks insurance in Ukraine for the first six months during the period of 2017–2019. The classification of programs and terms of financial risks insurance offered by various insurers are studied. A detailed analysis of the problems of financial risks insurance in Ukraine is carried out, and ways to solve them with the aim to improve and efficiently develop this type of insurance are proposed. The prospect for further research in this area is studying the degree of interest of enterprises in this type of insurance. Since, knowing the degree of their interest and the need for insuring financial risks, the insurance company will be able to develop its further strategy for selling and developing this type of insurance. Each enterprise should understand the role of the insurer in its activities and the degree of financial risks that threat their functioning. Therefore, it is important that business entities and activities they carry out be insured against these risks. It is also important to develop this segment of the insurance market to strengthen the national economic system, thus, the state should also support this type of insurance.

Keywords

• risk
• insurer
• financial risk
• insurant
• insurance company
• insurance