Analysis of financial control management of state bodies on issues of insurance companies' activities
Ескіз недоступний
Дата
2025
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Видавець
Інфраструктура ринку
Анотація
The article explores the theoretical foundations and practical aspects of financial control exercised by state authorities over the activities of insurance companies, using the case of PJSC “Kniazha Vienna Insurance Group”. The author emphasizes the crucial role of insurance in ensuring the financial stability of the economy and protecting the interests of insurance service consumers, which necessitates effective state regulation and control. The essence of financial control, its functions, and its importance in the modern economy are analyzed, as well as the toolkit used by regulatory bodies, particularly the National Bank of Ukraine, in supervising the insurance market. Factors contributing to the intensification of regulatory activities are examined, especially in the context of the digital transformation of financial services and the increasing demands for transparency and accountability from insurers. Special attention is given to the results of the inspection of PJSC “Kniazha Vienna Insurance Group”, which revealed violations related to improper client communication, inaccuracies in financial reporting, and deficiencies in the corporate governance system. Based on the analysis, recommendations are made to improve internal financial control, implement digital technologies for data processing and reporting, and enhance the professional competencies of staff. The article is of significant practical value, as it provides well-founded proposals to improve the effectiveness of state financial control amidst the ongoing reform of Ukraine’s insurance market, integration into European standards, and the implementation of digitalization policies.
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Aleskerova Yu., Fedoryshynа L. Інфраструктура ринку. 2025. Вип. 84. С. 98-105. URL: http://market-infr.od.ua/journals/2025/84_2025/20.pdf DOI: https://doi.org/10.32782/infrastruct84-18