Directions of World Insurance Market Development in Transnational Business

2018 ◽  
Vol 2018 (4) ◽  
pp. 147-165
Author(s):  
Matvej Oborin ◽  
Roman Raynkhardt
Keyword(s):  
Insurance Coverage ◽  
Economic Recession ◽  
World Market ◽  
Global Market ◽  
Insurance Market ◽  
Social Orientation ◽  
Economic Stability ◽  
The World ◽  
Scope Of Application ◽  
Insurance Broker

The subject of the study is the world insurance market, its trends and prospects for development on the example of leading countries. The aim of the work is to identify the features and patterns of insurance in the field of transnational business on the example of a transnational insurance broker (SB) Arthur J. Gallagher & Co (AJG). Research methods: statistical analysis, formal and logical modelling of socio-economic processes. The results of the study consist in a comprehensive description of the insurance business of the broker AJG, implementing various strategies to work in national markets. Activity in the States on development of insurance services is carried out taking into account positive and negative tendencies of the world market. The complexity of the present situation is the increasing risk of economic recession, reflected in the reduction in the volume of insurance coverage. Adaptation consists in consolidation of capital, strengthening of positions of the largest and stable companies. AJG has gained access to emerging markets in countries previously closed to transnational capital, but the mission and strategy need to be adapted to national circumstances. The scope of application of the results can be in the commercial field in the activities of the leaders of the insurance market of Russia in planning the strategy of its activities and ensuring the competitiveness of services in the global market. In modern conditions of development of the world insurance market the advantages of leading companies are connected with internal financial and economic stability, flexibility of strategies of penetration into national markets, pronounced social orientation of business.

scholarly journals MACROECONOMIC ASPECTS OF THE ANALYSIS OF THE WORLD MARKET OF SPACE PRODUCTS AND SERVICES

2019 ◽  
pp. 77-81
Author(s):  
A. Krishtofor
Keyword(s):  
Russian Federation ◽  
World Market ◽  
Global Market ◽  
International Competition ◽  
Organizational Characteristics ◽  
Space Industry ◽  
Space Activity ◽  
The World ◽  
The Russian Federation ◽  
Global Patterns

The main organizational characteristics of the world space industry in the context of increased international competition have been determined. The most characteristic changes in the global market of space products have been identified. The methodology of the analysis of the world market of space products and services has been presented. As a result of the analysis of the successful international experience in the development of the space industry and the trends of the world space activity, the global patterns, that need to be taken into account in the implementation and planning of measures to improve the competitiveness of space activity of the Russian Federation have been revealed.

scholarly journals Modern trends of the world market of electrical equipment

2021 ◽  
pp. 5-9
Author(s):  
Tetiana AVERIKHINA ◽  
Maryna BURIACHENKO ◽  
Valeriia VASYLIEVA
Keyword(s):  
Renewable Energy ◽  
Smart Grid ◽  
Distribution System ◽  
Distribution Systems ◽  
Renewable Energy Sources ◽  
Electrical Equipment ◽  
World Market ◽  
Global Market ◽  
The World ◽  
Transmission And Distribution

Introduction. The world market of electrical equipment is developing very fast. There are many companies in the market that sell electrical equipment, among them there are companies that occupy leading positions. Today, the world market of energy engineering is estimated at 87 billion dollars per year, based on the structural dynamics of growth, the annual volume can reach 110-115 billion dollars per year until 2025. The global market for energy equipment service in 2020 is 31.7 billion dollars, including: LTSA (long-term service) 47 %, modernization – 20 %, field service – 24 %, engineering – 9 %. The purpose of the paper is to analyze the world market of electrical equipment, determine sales, business growth. The list of leaders in electrical equipment on the world market is considered. Results. The main trends in the world today are the following areas: development of DC transmission system, cable lines for underwater laying and cable for connections of renewable energy sources to reduce energy transmission costs through the capabilities of existing transmission lines, through network voltages and innovative design solutions and installation methods. The amendment for these trends shows us the world leaders in the electrical market, such as Legrand, Schneider Electric, ABB, Siemens, DEKraft, SASSIN, EKF, etc., R&D costs are 3.5–5 % of profits (over 60 years). Thus, we can conclude that the global market for cable networks is developing rapidly. This market is expected to grow in the development of smart grid technologies, renewable energy generation and initiatives to modernize the transmission and distribution system. Conclusion. That the global cable ladder market is developing rapidly. This market is expected to grow in the development of smart grid technologies, renewable energy cultivation and government initiatives to modernize transmission and distribution systems.

scholarly journals METHODOLOGY OF FORMING COMPANY BRAND PROMOTION STRATEGY USING INTERNET MARKETING TOOLS

2018 ◽  
pp. 23-28 ◽  
Author(s):  
Svetlana Stanislavovna Chebotareva ◽  
Elena Gennadievna Gushchina
Keyword(s):  
Information Technologies ◽  
Internet Marketing ◽  
World Market ◽  
Global Market ◽  
Global Network ◽  
The Internet ◽  
Promotion Strategy ◽  
Market Interaction ◽  
Stage Of Development ◽  
The World

At the present stage of development of the world economy, international companies compete in constantly changing conditions, which actualizes the problems of promoting their brands to domestic and foreign markets. Internet marketing is an effective tool that allows companies to successfully achieve their goals in the conditions of global competition. Today, information technologies assist in emerging the new types of business and new methods of promoting the company's brand into the global market via the Internet. Using the opportunities of Internet marketing as a new type of market interaction for selling goods and services in the world market allows to reduce costs and accelerate the introduction of innovations, and also contribute to improving the quality of services with better satisfaction the customers’ needs. To successfully promote the company's brand in the Internet, it is necessary to analyze the current situation, identify the goals and tools for realization of necessary strategy, tactics and control. Presently, use of the Internet in order to promote the brand is a necessary solution for business development. The global network allows to form a winning reputation of the company, increase recognition of its branded products and services.

scholarly journals The Main Features of the Modern World Market of Insurance Services

2021 ◽  
Vol 4 (519) ◽  
pp. 36-41
Author(s):  
K. V. Drymalovska ◽  
◽  
R. O. Kyryliuk ◽  
Keyword(s):  
Western Europe ◽  
Insurance Industry ◽  
World Market ◽  
Insurance Market ◽  
Insurance Companies ◽  
Modern World ◽  
The World ◽  
Effective Policy ◽  
Main Components ◽  
The Impact

As competition in international and national markets intensifies, it is important to create a system to protect economic actors from potential threats and adverse factors. To solve these issues, it is necessary to ensure the effective functioning of the insurance market, which is one of the important components of financial security. Without the developed insurance market, it will be impossible to ensure the social and economic progress of the country, its corporate security, welfare etc. The current state of the world insurance market has certain features, which makes it possible to adapt to the change of the modern world and improve the work of the insurance industry. To create a clear insurance market, it is necessary to develop an effective policy as to the insurance activities of both the insurer and the reinsurers, as well as to establish solvency insurance systems. The development of the insurance market is accompanied by many economic, regulatory, organizational, methodological and personnel issues. The publication is aimed at studying and distinguishing the peculiarities of development of the world market of insurance services. On the basis of studying the works of scholars, the main features of the modern insurance market are provided; key signs of the insurance industry are presented; statistical information on trends in the insurance market development during 2019 in the following regions: North and Latin America, Western Europe, Asia, European developing countries. The impact of COVID-19 on the state of the insurance industry in Europe has been characterized. As result of studying the key trends in the future development of the insurance market, the main components that are necessary for the formation of an effective policy of insurance companies in the context of COVID-19 have been formed as follows: digitalization, innovation, analytics, feedback.

scholarly journals Insurance offer and the reason for the underdeveloped market in Serbia

2020 ◽  
Vol 8 (4) ◽  
pp. 51-59
Author(s):  
Milorad Pušara
Keyword(s):  
Risk Premium ◽  
Technology Development ◽  
Business Management ◽  
Developed Countries ◽  
World Market ◽  
Insurance Market ◽  
Insurance Risk ◽  
The World ◽  
The Developed Countries ◽  
Good Standard

This paper presents the current condition of the insurance market by creating an unpretentious review and pointing to the current deficiency of the insurance system in Serbia. It outlines some ideas that might solve certain issues and improve the current situation. Referred innovations that were introduced last year in the world market are very useful and can also serve as a good standard for joining the global insurance. Last but not least, the paper addresses the segment of insurance frauds as alarming incidences in need of attention. If we consider the "Basic Elements of Insurance", risk, premium, and indemnity, and if we follow the development of the insurance throughout the world, we recognize that technology development and reduced business costs imply greater risks, a growing range of new products, decreased premium, and stimulating increase of the Indemnity. This leads us to the conclusion that we must enter the race with the developed countries and accept the way of their business management by following the latest innovations in the insurance market in order to be competitive and competent.

scholarly journals STRATEGIC MANAGEMENT AS AN IMPORTANT ASPECT OF ENSURING THE ECONOMIC SUSTAINABILITY OF A MODERN ENTERPRISE

2020 ◽  
Author(s):  
Svitlana Birbirenko ◽  
Yuliia Tereshko
Keyword(s):  
Strategic Management ◽  
World Market ◽  
Economic Stability ◽  
Logical Scheme ◽  
Efficient Operation ◽  
Stage Of Development ◽  
Current State ◽  
Modern Enterprise ◽  
The World ◽  
Negative Impacts

The current stage of development of society is a crisis for Ukrainian enterprises. The crisis of the coronavirus COVID-19 became a crisis for the Ukrainian economy, which shook the world market and the Ukrainian market in particular. Of particular relevance are the development and application in the practice of Ukrainian enterprises of such a system of strategic management, the main purpose of which would be to ensure sustainable and most efficient operation of the business entity in the modern period, as well as creating and ensuring high development potential in the future. "Amplifier" of negative trends in the world economy - the COVID-19 pandemic. The article studies the essence of the scientific category "strategic management". Strategic management has focused on improving the efficiency of the market enterprise, which operates in conditions of uncertainty of the external environment. A number of problems accompanies effective management of economic stability of the enterprise, but despite this, the authors highlighted a number of advantages of strategic management of economic stability of the enterprise. In order to ensure the effectiveness of strategic management of economic stability, depending on the current state of the enterprise, a developed system of strategic management of economic stability in the form of a structural and logical scheme has proposed. The effectiveness of strategic management of economic stability of the enterprise depends mainly on the complexity and completeness of its implementation, the organization of coherence and relationship between all elements of the management system, the adequacy of methods used to assess economic stability and diagnose negative impacts. It has revealed, that the main difficulty from the standpoint of strategic management of economic stability of the enterprise is monitoring among the whole set of elements of the system of symptoms of crisis processes that lead to loss of economic stability, as well as managing them to neutralize. The prospect of further research is the development of scientific and methodological approaches to measuring the economic stability of the enterprise based on a comprehensive assessment of all components using the scientific method of integrated assessment based on balanced scores.

scholarly journals THE PROSPECTS OF THE RUSSIAN ROCKET AND SPACE INDUSTRY PRODUCTS IN THE WORLD MARKET

2020 ◽  
pp. 88-102
Author(s):  
A. R. Shiryaeva ◽  
E. A. Rozhanskaia
Keyword(s):  
Technological Development ◽  
The United States ◽  
World Market ◽  
Global Market ◽  
Space Industry ◽  
The World ◽  
New Business ◽  
Market Opportunities ◽  
The Cost ◽  
Sustainable Economic Growth

Space is not only a place of international cooperation, but also a place for competition. The failures that accompanied the key player in the market, the United States, have recently stimulated NASA's ambitious commercial space program which has enabled a successful partnership with two American companies. This new business model should not only reduce the cost of flights, but also create a basis for further space exploration. In order to create sustainable economic growth in Russia, it seems necessary to develop the whole range of priority areas. One of the most promising is the rocket and space industry. The reasons are the large turnover, experience and unique technological competencies. We believe that Russia will succeed in case it activates internal reserves of a country and wisely uses global market opportunities. Technical and technological development of the rocket and space and related industries will strengthen the state’s position in the world market and will enhance the international competitiveness of Russian enterprises. In this article, authors analyze the current state of the Russian and world space markets, evaluate the performance of RSC «Energia», formulate proposals for modernization of company's activities that will help Russia strengthen and expand its positions among the global players.

scholarly journals Organic production as an innovative trend in export-oriented development of Ukraine's agriculture

2014 ◽  
Vol 36 (2) ◽  
pp. 308-315
Author(s):  
Nataliia Karasova
Keyword(s):  
Natural Resources ◽  
International Market ◽  
World Market ◽  
Global Market ◽  
Organic Production ◽  
Current Trends ◽  
Organic Products ◽  
The World ◽  
Economic Slowdown ◽  
Export Specialization

Despite the global economic slowdown, the sales of organic products on the international market continue to grow, and their production is becoming one of the most promising directions in agriculture. Given Ukraine's natural resources, export-oriented production of organic products has great potential. The purpose of this survey – to analyze the current trends on the global market for organic products, as well as the potential for organic farming in Ukraine, and to find the prospects and ways to develop exports. Using of general logical methods of induction and deduction, analyzing the trends on the global market for organic products and the potential of Ukraine's agriculture, organizational, economic, socio-cultural and regulatory conditions for the development of organic production in Ukraine are distinguished. The factors and promising directions of Ukraine's export specialization on the world market for organic products are explored, major methods of stimulating and supporting exporting producers are suggested.

scholarly journals Testing the causality between Bitcoin price and the gold price in the global market prime by Granger's test

Ekonomika ◽  
2020 ◽  
Vol 66 (3) ◽  
pp. 73-80
Author(s):  
Sanja Dončić
Keyword(s):  
Causal Relationship ◽  
Financial Market ◽  
Historical Data ◽  
Granger Causality Test ◽  
World Market ◽  
Global Market ◽  
The Other ◽  
Causality Test ◽  
The World ◽  
Survey Results

The paper examines the existence of a causal relationship in Grangers' sense between the movement of Bitcoin prices and the price of gold at the global financial market, in order to answer the question whether it is possible to predict the movement of the Bitcoin price based on the movement of the price of gold in the world market, but also vice versa. The survey was conducted from January 1, 2019 to December 1, 2019. In the research was used the Granger causality test (1969). The research results show that historical data on the movement of gold prices in the world market cannot be used to predict the change in value and price movements of Bitcoin. On the other hand, the survey results indicate the possibility of a reliable application of the use of historical data on the movement of value and price of Bitcoin.

scholarly journals Wahania cykliczne na światowym rynku cukru

2019 ◽  
Vol 19(34) (2) ◽  
pp. 186-195
Author(s):  
Piotr Szajner
Keyword(s):  
Economic History ◽  
Sugar Industry ◽  
World Market ◽  
Global Market ◽  
Regulation System ◽  
Market Regulation ◽  
Export Prices ◽  
The World ◽  
The Business Cycle ◽  
The Eu

In the economic history of the world, sugar is considered one of the first global products, and the supply-demand in the global market has had a major impact on the development of local markets. The Polish sugar sector has been under the influence of the world market for many years. The reform of the sugar market regulation system in the EU has made the EU and domestic markets increasingly dependent on the world market. The production potential of the domestic sugar industry is greater than the demand on the internal market and the excess supply is directed to exports. The global market is characterized by cyclical fluctuations, which are determined by the cyclical nature of sugar cane cultivation. The length of the business cycle has been reduced to 2-3 years. The world market prices affect domestic sales and export prices and the financial performance of the sugar industry.

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