Factors of Development of Insurance of Small and Medium-Sized Businesses in the Conditions of Digitalization

DOI

10.2991/aebmr.k.201205.070How to use a DOI?

Keywords

digitalization, insurance, small and medium-sized entrepreneurship, factors, pandemic

Abstract

Small and medium-sized businesses are less protected from external shocks than large corporations and cannot always independently ensure an adequate level of their economic safety. In the conditions of digitalization, insurance, along with government financial support, can become an effective tool for protecting small and medium-sized enterprises from risks and threats. The article studies the mechanisms of the influence of a number of factors on the development of insurance in the field of small and medium-sized entrepreneurship. Analysis of official statistics, content analysis of regulatory legal acts and expert opinions allowed to identify the negative effects of the influence of factors and develop recommendations for their neutralization. As a result of the use of digital technologies in insurance activities, new insurance services and products appear, the efficiency and profitability of insurance activities in general increases, and the socialization of insurance relations is implemented.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - E.V. Kostyaeva
AU  - M.K. Chernyakov
PY  - 2020
DA  - 2020/12/07
TI  - Factors of Development of Insurance of Small and Medium-Sized Businesses in the Conditions of Digitalization
BT  - Proceedings of the 2nd International Scientific and Practical Conference on Digital Economy (ISCDE 2020)
PB  - Atlantis Press
SP  - 417
EP  - 423
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.201205.070
DO  - 10.2991/aebmr.k.201205.070
ID  - Kostyaeva2020
ER  -