Comparative characteristic of development trends in the Polish and Ukrainian insurance markets: conclusions for Ukraine

Abstract

The article presents the results of comparative analysis in development tendencies of insurance markets in Ukraine and Poland. It is proved that, despite the same starting conditions for development, Poland has managed through the application of more effective management practices to achieve higher rates of economic growth in the country in general and in the insurance market in particular. The authors have considered the internal and external causes and factors that inhibit the development of the domestic insurance market.