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

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.