Force Majeure and Insurance of Risks of Economic Emergencies

Oleksandr O. Trush, Oleksandr O. Trush, Dmytro Gorovyi, Yuliya Bogoyavlenska, Yuliya Bogoyavlenska

2022

Abstract

The paper deals with the actual problem of developing new insurance products in the conditions of hybrid military actions and the application of economic sanctions. For modern Ukraine the “hybrid military actions” from the “neighbor-state” are actually for nine years. However, there are some legal issues on the way to a clear understanding of the difference between “insuperable force” and “force majeure”. It is also caused by misreading of the legal system from the representatives of different sectors, despite a good history of national insurance companies formation and development. Thus, in the paper authors present the results of correct understanding and usage of mentioned categories, pay attention to risks with grants in project management, and unclose ways for development of new products according to economic situation and market needs.

Paper Citation

in Harvard Style

O. Trush O., Gorovyi D. and Bogoyavlenska Y. (2022). Force Majeure and Insurance of Risks of Economic Emergencies. In Proceedings of 10th International Conference on Monitoring, Modeling & Management of Emergent Economy - Volume 1: M3E2; ISBN 978-989-758-640-8, SciTePress, pages 80-89. DOI: 10.5220/0011931500003432

in Bibtex Style

@conference{m3e222,
author={Oleksandr O. Trush and Dmytro Gorovyi and Yuliya Bogoyavlenska},
title={Force Majeure and Insurance of Risks of Economic Emergencies},
booktitle={Proceedings of 10th International Conference on Monitoring, Modeling & Management of Emergent Economy - Volume 1: M3E2},
year={2022},
pages={80-89},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0011931500003432},
isbn={978-989-758-640-8},
}

in EndNote Style

TY - CONF

JO - Proceedings of 10th International Conference on Monitoring, Modeling & Management of Emergent Economy - Volume 1: M3E2
TI - Force Majeure and Insurance of Risks of Economic Emergencies
SN - 978-989-758-640-8
AU - O. Trush O.
AU - Gorovyi D.
AU - Bogoyavlenska Y.
PY - 2022
SP - 80
EP - 89
DO - 10.5220/0011931500003432
PB - SciTePress