{"id":18243,"date":"2023-03-29T12:44:17","date_gmt":"2023-03-29T09:44:17","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=18243"},"modified":"2023-03-29T12:44:17","modified_gmt":"2023-03-29T09:44:17","slug":"the-role-of-insurance-in","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/the-role-of-insurance-in\/","title":{"rendered":"Pohrishchuk B. The role of insurance in ensuring social and economic security of regions in the context of sustainable development"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]<\/p>\n\n\n\n
JEL Classification<\/strong>: E69; G22; J28; R58
\n<\/span><\/td>\n		DOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V37(2023)-11<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][vc_column_text]Pohrishchuk Borys, <\/strong>Doctor of Economics, Professor, Professor of the Department of Economics, Accounting and Taxation, Vinnytsia Educational and Research Institute of Economic WUNU, Vinnytsia, Ukraine<\/p>\n

ORCID ID:<\/strong> 0000-0001-6974-1083<\/a>
\ne-mail: <\/strong>b.pogrishchuk@wunu.edu.ua<\/a><\/p>\n

<\/h2>\n

The Role of Insurance in Ensuring Social and Economic Security Of Regions in the Context of Sustainable Development<\/strong><\/h2>\n

\u00a0\u00a0<\/strong><\/p>\n

Abstract. Introduction<\/strong>. At the current stage of development for regional economies, the problem of not only overcoming the consequences of crisis phenomena that increase the uncertainty and risk of business activity and life of the population, but also their prevention is becoming more and more relevant. Accordingly, insurance is starting to play an increasingly important role in the redistribution of risks in the regional economic system, creating conditions for strengthening the stability of households and businesses, as well as ensuring the socio-economic security of regions in general. The latter in the context of sustainable development acquires special importance, because it allows to establish a balance between the satisfaction of modern needs of humanity and the protection of the interests of future generations through the satisfaction of the need for insurance protection.<\/p>\n

Purpose.<\/strong> The purpose of the article is to justify the content and role of insurance in ensuring regional socio-economic security in the context of sustainable development.<\/p>\n

Results.<\/strong> In the article the emergence of society’s need for insurance protection, which is expressed in three sources of demand from different institutional sectors, is argued. The functions of insurance are identified and structured, with a division into primary (control and distributive) and secondary (risk, creation and use of insurance funds, preventive, savings, investment and compensation). The impact of insurance on structural blocks and components of socio-economic security of regions is considered. Advantages and disadvantages of insurance are defined. The place and task of insurance in ensuring regional socio-economic security in relation to economic growth, social integration and environmental protection, which are the basis for the sustainable development of households and enterprises in the respective territories, are argued and specified.<\/p>\n

Conclusions.<\/strong> It has been proven, that in the context of sustainable development, insurance aims to ensure the socio-economic security of regions through risk reduction, development of innovative solutions, improvement of business efficiency and promotion of environmental, social and economic stability.<\/p>\n

Keywords:<\/strong> insurance; insurance protection; socio-economic security of the region; sustainable development.<\/p>\n

References:<\/strong><\/p>\n

    \n
  1. Andri\u0456enk\u043e, V.\u00a0M. & Kobko, R.\u00a0V. (2017). Essence and place of insurance services market security in the state economic security. Ekonomika ta derzhava<\/em>, 5, 24-28 [in Ukrainian].<\/li>\n
  2. Sytnyk, N.\u00a0S. & Kunynets, Ya.\u00a0V. (2021). The role of insurance in ensuring the financial security of the state in the conditions of the COVID-19 pandemic. Derzhava ta rehiony<\/em>. Seriya : Ekonomika ta pidpryyemnytstvo, 3\u00a0(120), 122-127. https:\/\/doi.org\/10.32840\/1814-1161\/2021-3-19 [in Ukrainian].<\/li>\n
  3. Romanovska, Yu.\u00a0A. & Gavryliuk, O.\u00a0R. (2020). The role of insurance in the provision of social security. Infrastruktura rynku<\/em>, 41, 290-296. https:\/\/doi.org\/10.32843\/infrastruct41 [in Ukrainian].<\/li>\n
  4. Dobizha, N.\u00a0V., Myronchuk, V.\u00a0M. & Vyhaniailo, S.\u00a0M. (2021). Provision of the state\u2019s economic security in the insurance process. Naukovi perspektyvy<\/em>, 8\u00a0(14), 176-190. https:\/\/doi.org\/10.52058\/2708-7530-2021-8(14)-176-190 [in Ukrainian].<\/li>\n
  5. Lichenko, I.\u00a0V. (2020). Ensuring the economic security of the state in insurance processes. Yurydychna nauka<\/em>, 3\u00a0(105), 198-202. https:\/\/doi.org\/10.32844\/2222-5374-2020-105-3.25 [in Ukrainian].<\/li>\n
  6. Zoria, O.\u00a0P., Zoria, S.\u00a0P. & Mauer, D.\u00a0R. (2022). The role of insurance in the food and economic security system during the period of marital state in Ukraine. Tsyfrova ekonomika ta ekonomichna bezpeka<\/em>, 3(03), 36-40. https:\/\/doi.org\/10.32782\/dees.3-7 [in Ukrainian].<\/li>\n
  7. Prystemskiy, O.\u00a0S. & Sakun, A.\u00a0Zh. (2018). The role of insurance in providing financial safety of agricultural development. Ekonomichnyy analiz<\/em>, 28\u00a0(4), 100-105 [in Ukrainian].<\/li>\n
  8. Bazylevych, V.\u00a0D. (ed.) (2008). Insurance : education. Kyiv : Znannia [in Ukrainian].<\/li>\n
  9. Bondarenko, V.\u00a0A. & Pustova, N.\u00a0O. (2021). Insurance functions as an object of financial and legal regulation. Sotsial\u02b9no-pravovi studiyi<\/em>, 3\u00a0(13), 163-168 [in Ukrainian].<\/li>\n
  10. Diachkova, Yu.\u00a0M. (2008). Insurance. Kyiv : Tsentr uchbovoi literatury [in Ukrainian].<\/li>\n
  11. Zhuravka, O.\u00a0S., Bukhtiarova, A.\u00a0H. & Pakhnenko, O.\u00a0M. (2020). Insurance. Sumy : Sumskyi derzhavnyi universytet [in Ukrainian].<\/li>\n
  12. Oliinyk, O.\u00a0V. & Nahaieva, H.\u00a0O. (2020). Insurance. Kharkiv : KhNAU [in Ukrainian].<\/li>\n
  13. Osadets, S.\u00a0S. (ed.) (2002). Insurance (2nd ed.). Kyiv : KNEU [in Ukrainian].<\/li>\n
  14. Potiyko, S.\u00a0V. (2018). Insurance as an economic category and ways of development of property insurance of agricultural enterprises in Ukraine. Naukovyy visnyk Uzhhorods\u02b9koho natsional\u02b9noho universytetu<\/em>. Seriya : Mizhnarodni ekonomichni vidnosyny ta svitove hospodarstvo, 18\u00a0(2), 163-166 [in Ukrainian].<\/li>\n
  15. Sosnovska, O.\u00a0O. (2021). Insurance. Kyiv : Kyivskyi universytet imeni Borysa Hrinchenka [in Ukrainian].<\/li>\n
  16. Tereshchenko, T.\u00a0Ye., Zavoloka, L.\u00a0O. & Ponomarova, O.\u00a0B. (2020). Insurance (in schemes, tables, comments) : academic. Dnipro : Universytet mytnoi spravy ta finansiv [in Ukrainian].<\/li>\n
  17. Fysun, V.\u00a0I. & Yarova, H.\u00a0M. (2011). Insurance. Kyiv : Tsentr uchbovoi literatury [in Ukrainian].<\/li>\n
  18. Lunova, \u0422.\u00a0S. (2022). Socio-economic security of the region : methodological approaches to evaluation and achievement. Naukovyy visnyk Natsional\u02b9noyi akademiyi statystyky, obliku ta audytu<\/em>, 1-2, 47-54. https:\/\/doi.org\/10.31767\/nasoa.1-2-2022.06 [in Ukrainian].<\/li>\n
  19. Ourtechroom (2022). Advantages and Disadvantages of Insurance. Retrieved from : https:\/\/ourtechroom.com\/finance\/advantages-disadvantages-insurance\/ [in English].<\/li>\n
  20. Kullabs (2020). Advantages and Disadvantages of Insurance. Retrieved from : https:\/\/kullabs.org\/class-10\/accounts\/financial-institutions\/advantages-and-disadvantages-of-insurance [in English].<\/li>\n
  21. Holliday, S., Remizova, I. & Stewart, F. (2021). The insurance sector\u2019s contribution to the sustainable development goals (SDGs). Washington : World Bank Group [in English].<\/li>\n<\/ol>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received:<\/strong> 03 February 2023<\/p>\n

    \"pohrishchuk.pdf\"<\/div>
    pohrishchuk.pdf<\/div><\/div>
    <\/div>
    <\/div>
    Size: <\/span>0,26<\/span><\/div>
    Download Now!<\/a><\/span>130<\/span> Downloads<\/span><\/span><\/div><\/div>
    <\/div>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n\n\n\n\n
    \n

    How to quote this article?<\/p>\n<\/td>\n<\/tr>\n

    Pohrishchuk B. (2023). The role of insurance in ensuring social and economic security of regions in the context of sustainable development. Modern Economics, 37(2023), 78-83. DOI: https:\/\/doi.org\/10.31521\/modecon.V37(2023)-11.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
    <\/div>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<< Back to contents<\/a>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/section>","protected":false},"excerpt":{"rendered":"

    [vc_row][vc_column][vc_column_text] JEL Classification: E69; G22; J28; R58 DOI: https:\/\/doi.org\/10.31521\/modecon.V37(2023)-11 [\/vc_column_text][vc_column_text]Pohrishchuk Borys, Doctor of Economics, Professor, Professor of the Department of Economics, Accounting and Taxation, Vinnytsia Educational and Research Institute of Economic WUNU, Vinnytsia, Ukraine ORCID ID: 0000-0001-6974-1083 e-mail: b.pogrishchuk@wunu.edu.ua The Role of Insurance in Ensuring Social and Economic Security Of Regions in the Context of
    Read more<\/a><\/p>\n","protected":false},"author":7,"featured_media":13475,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[186],"tags":[187],"_links":{"self":[{"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/posts\/18243"}],"collection":[{"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/comments?post=18243"}],"version-history":[{"count":0,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/posts\/18243\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/media\/13475"}],"wp:attachment":[{"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/media?parent=18243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/categories?post=18243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/tags?post=18243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}