Think about your own rules and choose the ones you can change radically.
The base in the the word “insurance” means “fear” in Ukrainian and “sure” in English. It well may be that this etymological difference defines the different attitude towards insurance as the whole. In Ukraine people insure to get rid of fear while in the Western Europe or the USA they insure to ensure their confidence in what tomorrow brings. Nevertheless the profound understanding of the benefits of insurance as an effective means of securing financial welfare is gradually catching on. This is especially evident in the period of economic downfall. The statistics back up this trend showing that the number of insured events increase during the crisis years. Below are the grounds for this pattern.
A few weeks ago I happened to attend lecture delivered by the well-known businessman which lasted nearly three hours. It later spurred me to create this manual containing my thoughts on what should be included in a speech in order for it to be of value to the listeners.
Every branch of professional services in Ukraine faces gradual commoditization of some services. Clients are not inclined to dig deep into the professional nuances but want to find out the price for any particular service outright like they do when purchasing goods.
Last year Ukraine’s insurance market faced two major trends. The first one was associated with overall decline of economy due to ongoing conflict in the East of our country and sharp depreciation of national currency. The second one, though, came down to the fact that the need for structural reforms became urgent and obvious which, in its turn, gave start to new market developments.
The development of insurance services is a significant vector in the EU-Ukraine integration process. This review is devoted to analyzing where our country stands in terms of key indicators of the insurance market compared to those of the European states.
In accordance with Ukrainian legislation every car owner is bound to have motor third party liability insurance aimed at settling financial claims of traffic accident parties which are associated with car repair.
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