Authors:
Oleksandr O. Trush
1
;
2
;
Dmytro Gorovyi
1
and
Yuliya Bogoyavlenska
2
;
3
Affiliations:
1
National Technical University “Kharkiv Polytechnic Institute”, 2 Kyrpychova Str., Kharkiv, 61002, Ukraine
;
2
Zhytomyr Polytechnic State University, 103 Chudnivska Str., Zhytomyr, 10005, Ukraine
;
3
Masaryk University, 507/41a Lipová Str., Brno, 602 00, Czech Republic
Keyword(s):
Insuperable Force, Force Majeure, Insurance, Risks, Economic Emergencies, Liability.
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.