PROBLEMS OF MANAGEMENT OF THE PROCESS OF FORMATION OF THE FINANCIAL MECHANISM OF NON-STATE SOCIAL INSURANCE IN UKRAINE

Abstract

In this article, the authors substantiate the need for further reform of the national system of private social insurance in Ukraine through a thorough analysis of its financial mechanism. The purpose of the article is a comprehensive analysis of the financial mechanism of private social insurance in Ukraine, providing conclusions and recommendations for its further improvement. The authors use the following research methods: analysis (in the study of individual components of the financial mechanism), synthesis (in generalizing the results of the study of the formation of the financial mechanism), scientific abstraction (taking into account only certain external and internal factors of the system). The paper uses economic and institutional analysis, as the studied sources are primarily analytical documents, scientific publications and regulations. The authors provide a definition of the financial mechanism of private social insurance. The list of studied objects includes: revenues, expenditures, reserves, financial methods and levers (planning and forecasting, investing, lending, incentives, liability, taxation, transfers) and related support (information, regulatory and organizational) of the financial mechanism of the non-governmental social insurance. A comparative analysis of the relevant elements of the financial mechanism (and activities in general) of organizations that provide services for private social insurance: life insurance companies and private pension funds. The results indicate that increasing the level of social protection of citizens in Ukraine is possible only with a comprehensive improvement of the studied financial mechanism. The conclusion is made about the need for further research on the selected problem, especially - the experience of partner countries. Key words: financial mechanism, methods, levers, non-state social insurance, insurance and pension contributions, wage fund, participant, insurance company, non-state pension fund.