Research output: Chapter in Book/Report/Conference proceeding › Article in an anthology › Research › peer-review
THE INSURANCE INDUSTRY IS OUT OF THE PANDEMIC. / Pisarenko, Zhanna V. ; Kuznetsova, Natalia P. ; Dukhno, Sergey I. ; Toan, Nguyen Cahn .
IV International Scientific Conference of Economics And Management Researchers. 2022. p. 1264-1273.Research output: Chapter in Book/Report/Conference proceeding › Article in an anthology › Research › peer-review
}
TY - CHAP
T1 - THE INSURANCE INDUSTRY IS OUT OF THE PANDEMIC
AU - Pisarenko, Zhanna V.
AU - Kuznetsova, Natalia P.
AU - Dukhno, Sergey I.
AU - Toan, Nguyen Cahn
N1 - Conference code: 4
PY - 2022
Y1 - 2022
N2 - The pandemic has changed the world and transformed the insurance industry, which proved to be quite resistant to the crisis. The goal of the paper is to access the reaction of the insurance industry and its adaptation to new pandemic realities in the short run. The findings of the study are as follows: along with the negative impact, certain types of insurance (namely health insurance)turned out to be in a better position compared to other types, demonstrating good results in both developed and emerging markets; the pandemic and widespread lockdowns have accelerated the digitalization of the industry and the introduction of an ecosystem approach to the insurance market and changes in risk management. Further research is in need to find new ways of industrydevelopment: individualizing the supply-side and demand-side, taking into account the social, ecological and environmental responsibility of the insurer and insured, negative risk externalities of 2022.
AB - The pandemic has changed the world and transformed the insurance industry, which proved to be quite resistant to the crisis. The goal of the paper is to access the reaction of the insurance industry and its adaptation to new pandemic realities in the short run. The findings of the study are as follows: along with the negative impact, certain types of insurance (namely health insurance)turned out to be in a better position compared to other types, demonstrating good results in both developed and emerging markets; the pandemic and widespread lockdowns have accelerated the digitalization of the industry and the introduction of an ecosystem approach to the insurance market and changes in risk management. Further research is in need to find new ways of industrydevelopment: individualizing the supply-side and demand-side, taking into account the social, ecological and environmental responsibility of the insurer and insured, negative risk externalities of 2022.
KW - COVID-19 pandemic
KW - insurance market
KW - health insurance
KW - insurance market structure
UR - https://conferences.az/uploads/file/5b48b-konfrans-tam-m-tnl-r-kitabi.pdf
UR - https://conferences.az/en/info/publication/2022
M3 - Article in an anthology
SN - 9786056649554
SP - 1264
EP - 1273
BT - IV International Scientific Conference of Economics And Management Researchers
Y2 - 25 September 2022 through 27 September 2022
ER -
ID: 101725638