IDEAS home Printed from https://ideas.repec.org/a/idp/bizinf/y2013i11p75_80.html
   My bibliography  Save this article

Study of the Character of Functional Links Between the Main Integral Indicators of the Market of Voluntary Personal Insurance in Ukraine

Author

Listed:
  • Klymenko Vasyl O.

    (National University of State Tax Service of Ukraine)

  • Sokyrko Olena S.

    () (National University of State Tax Service of Ukraine)

Abstract

The article presents a multi-factor econometric model that demonstrates availability of a linear dependence of insurance settlements on a number of "life" insurance companies and gross insurance premiums in the market of personal insurance of Ukraine. Values of parameters of the econometric method satisfy conditions of validity and efficiency and their insignificant shift is justified by the use of the ridge regression. Use of the latter was necessary, since a multi-collinearity was detected. A conclusion could be made from this model about monopolisation of the market of personal insurance in Ukraine. Similar conclusion could be made on the basis of the developed by us econometric model of dependency of a number of "life" insurance companies on average monthly spendings of the population with consideration of the inflation. The article conducts assessment of the market of voluntary personal insurance with the help of the model data and makes conclusion on its future prospects.

Suggested Citation

  • Klymenko Vasyl O. & Sokyrko Olena S., 2013. "Study of the Character of Functional Links Between the Main Integral Indicators of the Market of Voluntary Personal Insurance in Ukraine," Business Inform, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics, issue 11, pages 75-80.
  • Handle: RePEc:idp:bizinf:y:2013:i:11:p:75_80
    as

    Download full text from publisher

    File URL: http://www.business-inform.net/pdf/2013/11_0/75_80.pdf
    Download Restriction: no

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:idp:bizinf:y:2013:i:11:p:75_80. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alexey Rystenko). General contact details of provider: http://www.business-inform.net .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.