Теоретичні та прикладні питання економіки. Збірник наукових праць. Випуск 2 (43)

УДК 336.368

JEL G22

ORCID ID 0000-0002-7813-8590, 0000-0002-2803-913X

DOI https://doi.org/10.17721/tppe.2021.43.21

Prykaziuk N.V., Doctor in economics, Professor, Head of Department of Insurance, Banking and Risk Management

Taras Shevchenko National University of Kyiv

Gumenyuk L.S., Postgraduate student

Taras Shevchenko National University of Kyiv

ROADMAP FOR THE INTRODUCTION OF CYBER INSURANCE IN UKRAINE

The article examines the process of implementing cyber insurance in the world and proposes a Roadmap for implementation in Ukraine. The key goals and objectives facing the insurance market of Ukraine and the regulator in order to achieve this goal are considered. Approximate deadlines for the necessary measures to prepare for the introduction of cyber insurance in the Ukrainian economy are outlined. The key features of regulations in the field of cyber security in the EU and Australia are highlighted and ways to adapt them in Ukraine are proposed. Promising means to increase the security of individuals and legal entities in the digital space on the example of the mechanism of interaction between insurers and expert organizations in Australia. The main vectors of cooperation between insurance companies and expert organizations in the field of cyber security in the Ukrainian and global insurance markets are listed. A system of interaction between the subjects of cyber-insurance relations with the positioning of the insured in the center of relations as a key participant in insurance has been developed, which proves the high customer orientation of this area of insurance business. The current problems of the Ukrainian insurance market are substantiated and the ways of their solution through the mechanism of cyber insurance implementation are offered: modeling of the mechanism of estimation of losses from cyber attacks, monitoring of the current state of insurers, development of ways to minimize cyber incidents. The dynamics of cyber incidents in 2020 is analyzed and the correlation between the occurrence of global lockdowns caused by COVID-19 and the growth in the number of cyber attacks is revealed. Based on the analysis, it is proved that the introduction of cyber insurance in Ukraine is a necessary tool to protect all participants in insurance relations from cyber risks and for the development of the insurance market as a whole.

Keywords: cyber insurance; cyber risk; cyber attack; cyber protection; cyber insurance roadmap; digital transition.

Full Text: PDF

DOI: https://doi.org/10.17721/tppe.2021.43.21