Impact of Digital Transformation on Insurance Management Models amid Financial Crisis

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Authors: Liudmyla V. Galaieva, Tetiana V. Koval, Kostiantyn H. Rohoza, Svitlana A. Diachenko, and Mykhailo Basarab
Page Range: 447-463
Published in: International Journal of Energy, Environment, and Economics, Volume 30 Issue 4
ISSN: 1054-853X

Table of Contents

ABSTRACT

The study significantly enhances the conceptualization and application of insurance management by refining its concept and emphasizing insurance company management systems. The article provides a comprehensive analysis of dominant models and trends in the contemporary global insurance market, identifying and addressing the latest challenges in this industry. The authors consolidate various insurance management tools to effectively address these challenges and suggest a cutting-edge insurance management paradigm. Delving into the essence of insurance management systems, the study lays a solid foundation for improving control and efficiency in insurance activities. The authors conclude that the blockchain technology used in insurance management adds a layer of innovation and offers a promising avenue for minimizing financial risks. In summary, this study largely contributes to insurance management since it provides not only theoretical advancements but also practical tools and technological solutions.

Keywords: technology integration, financial risk management, crisis response, global insurance market, policy changes, model

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