Insurance and the coronavirus pandemic: from losses to technological advancement
ID number: J202081
Abstract: The object of the research in this article is the changes in the insurance market as a result of pandemic. It is examined how coronavirus has affected the insurance market, how it has influenced the financial performance of companies, changed the client base, and what improvements and innovations it has brought to the marketplace. On the one hand, such sectors as business and travel insurance suffered huge losses. But on the other hand, the coronavirus pandemic has become a condition to accelerated development of new technologies, such as the provision of remote services. This article provides an overview of examples of innovations in insurance that have been already implemented and were really useful during the pandemic or will be implemented in the near future.
Banking Ecosystem - Fashion Trend or Strategic Necessity?
ID number: J202082
Abstract: The article presents the results of testing the hypothesis that the creation of ecosystem models of banks is a fashionable trend, rather than a strategic need to attract and retain customers. The hypothesis was assessed by comparing banks' commission income before and after the introduction of ecosystems, as well as by analyzing the strategic goals of banks. The results of the analysis can be used to confirm the fact that the ecosystem is a strategic necessity for banks due to the slowdown in their growth.
Key-words: information technologies, bank ecosystem, client-oriented approach, business model, bank industry
Abstract: This article observes the main risks, which have impact on oil and gas companies, and instruments for their hedging. Possible options and ways of diminishing different types of risks are considered on the example of PJSC Tatneft.
Key-words: hedging, oil and gas companies, market risk, currency risk, interest rate risk
Impact of the digital economy on the labour market transformation
ID number: J202084
Abstract: The end of the XXth – the beginning of the XXIst centuries personifies the advent of the digital economy era, which marked the beginning of the information era. Recent developments in artificial intelligence, robotics, and machine learning have automated many processes in both industrial and non-production areas, thereby helping to dramatically increase productivity. However, this course of events also has more global and ambiguous consequences since the structure and volume of employment of the population in the context of the economy digitalization is undergoing significant changes.
Key-words: digital economy, digital revolution, labour market, automatization
Burger King’s pricing policies and their competitiveness in the Russian market
ID number: J202085
Abstract: Fast food industry is one of the fastest developing in the world and it may be quite challenging to keep the pace on such a saturated market. Moreover, as Russian market can be considered as emerging, there are great opportunities for growth and development. This is why we would like to determine the Burger King’s place in the Russian market, define its main pricing strategies and contrast them to the ones of main competitors which are McDonald’s and KFC. Therefore, we shall determine the Burger King’s competitiveness.
Key-words: fast food industry, pricing strategies, restaurant chains, quick service restaurants, Burger King, McDonald’s, KFC, competitiveness
Crasmaru Christian Valerievich, Konyaev Nikita Andreevich
Modern approach of financial resilience assessment
ID number: J202086
Abstract: The article presents the results of the analysis of modern approaches assessment of companies’ financial resilience. Today, traditional assessment methods are losing their relevance due to constantly changing standards in this area. The current assessment was carried out with an emphasis on the company's operational sustainability as a new key factor in assessing the company's sustainability. The assessment was carried out using various ratios of the companies' operational stability indicators (the Detroit Troika of Automakers was taken as an example of the analysis).
Key-words: boperational resilience, financial resilience, modern approaches, solvency, liquidity
Mangusheva Dinara Nailevna, Timoshina Anna Dmitrievna, Yusifova Alagyoz Ilgar kyzy
Main recovery strategies of the companies from crisis
ID number: J202087
Abstract: The article presents the concepts of enterprise crisis and methods of diagnostics, as well as the causes of crisis. The article highlights the essence, methods and main strategies of the company's recovery from the crisis, as well as the implementation of audit control in order to minimize financial risks and prevent bankruptcy. The key points and features of anti-crisis measures and strategies are determined. The strategy and tactics of overcoming the crisis on the example of the company are also considered.
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