ACTIVITIES OF INSURANCE AND REINSURANCE INTERMEDIARIES IN UKRAINE

Abstract

Ukrainian insurance law does not consider such term as a reinsurance intermediary if to compare with European and American law. Therefore the concept of categories «insurance intermediary» and «reinsurance intermediary» is defined in thre article. If insurance intermediary negotiates contracts of insurance between an insured and insurer then reinsurance intermediary does the same but as for reinsurance contract between a reinsured and reinsurer.

A comparative analysis of the activity of insurance and reinsurance intermediaries in Ukraine when they conclude contracts with resident and non-resident insurers and reinsurers is done and it is found that individuals and legal entities trust more precisely non-resident insurers and reinsurers.

The structure of insurance payments for insurance and reinsurance of various objects with the participation of insurance and reinsurance intermediaries in Ukraine is determined:

- the share of concluded insurance contracts with Ukrainian-resident insurers by insurance intermediaries is the highest in a sphere of health insurance and accident insurance;

- the share of concluded insurance contracts with non-resident insurers by insurance intermediaries is the highest in a sphere of liability insurance and property insurance;

- the share of concluded reinsurance contracts with Ukrainian-resident reinsurers by reinsurance intermediaries is the highest in a sphere of obligatory insurance and property insurance;

- the share of concluded reinsurance contracts with non-resident reinsurers by reinsurance intermediaries is the highest in a sphere of obligatory insurance and property insurance;

- the share of concluded insurance contracts with Ukrainian-resident insurers by insurance intermediaries is the lawest in a sphere of life insurance.