Massachusetts Insurance Strategies

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plementation in Massachusetts broad program of privatization of state property, changes in economic management mechanism in the public sector to promote self-financing production needs, causing reorientation of enterprises to protect against the risks of loss or damage to property, damage to health workers by implementing proven International practice and forms of insurance. But so far by the authorities and the owners underestimated the possibility of property insurance in creating favorable conditions for enterprise development. Ignoring insurance coverage often leads to bankruptcy of enterprises taking into account the domestic and foreign investors strymuyutsya of directing capital to the development of industrial areas especially the economy. This leads to unjustified import of food, increasing unemployment and undermining the purchasing power rate and growth of foreign currency debt of the country.

Contribute to improving the situation including the following measures:

“Develop a global program of insurance protection for businesses and individuals that should determine the requirements regarding development of market economy a new structure of the reserves, how their content and use of, areas of national / centralized / decentralized reserves and reserves at the level of economic subjects and place and the principles of insurance protection system in case of risky situations. This program will give a more informed basis for determining needs and better use of resources allocated to ensure appropriate public reserves;

“Establishing the legal requirements to clearly identify entities in the form of statutory instruments of insurance protection / samostrahuvannya, insurance, etc. / in case of loss or damage to property, damage to health workers due to fire, natural disasters, technological accidents and other unforeseen circumstances. Compliance requirements about the reality of such protection should be taken into account when lending entities, clarifying the causes of losses of property and seek to restore;

“Acceleration of economic structures in large specialized services that would be worried about the risk management / risk – management. Its duties should include prediction of potential risks, their evaluation, outlining and implementation of measures for eliminating or reducing the devastating impact of risk events on the economic consequences activities, including by transferring risk to insurance. In small scale structures that could perform the work of insurance consultants and consulting organizations, insurance brokers;

“Expansion of assets and payment of liability insurance which can be attributed to production costs. To have such a right and payments for property insurance for industrial purposes, which is insured in connection with the transfer of the security;

“Unification of conditions of insurance crop and perennial plants in state and collective farms on the basis of voluntary insurance. At the same time to refine the list of insurance risks towards their reduction due to exclusion from insurance coverage under the property of unlikely events or small the size of possible losses ;

“Given the positive international experience of agricultural insurance to domestic manufacturers recommend the same formation to consider the feasibility of establishing by 2005 a national association of mutual insurance companies and agricultural farms. This will help reduce the cost of insurance, effective use of reserves, including through the rational combination of cash and natural assets;

“More active development risk insurance companies mining industry, water and forestry;

“Arrange life insurance, pensions and health of citizens, providing appropriate government guarantees to companies or insurers in case of drastic changes in the solvency of the national currency;

“Improving Financial and credit risks of commercial structures;

“Wider use of property insurance policies, life and health of the citizens to give their owners the opportunity to purchase a loan guaranty or insurance policy purchased and wealth / cars, furniture, apartments and other goods and domestic production of high value and durable. It will be enhance the prestige and attractiveness of the insurance, will increase demand for manufactured goods, which will contribute to development of relevant industries, improvement of employment, growth of budget revenues.