The science "Insurance Management" is normative for the Master's program "Insurance Management" and selective for students of other Master's programs, specialty "Finance and Credit", specialization "Finance".

Science (discipline) "Insurance Management" aims to train masters in specialty 8.03050801 "Finance and Credit" (specialization "Finance"), who need to know the theory and methodology of insurance companies to use this knowledge in the process of working directly in the insurance business or the implementation of commercial insurers, control and other relationships inherent to relevant actors of the financial system.

The aim of mastering the science (discipline) in the context of preparing specialists of a certain specialty. Its relationship with the other disciplines of the curriculum.

The aim of mastering the science (discipline)is the mastery of knowledge of processing and implementation of management decisions on complex issues, which ensure the rational use of the potential formation of insurance companies harmonizing the financial interests of insurance consumers, owners and staff of insurance companies, intermediaries and the state.

In the process of teaching the science (discipline) the following tasks are being solved:

• to form students' understanding of business processes in insurance companies;

• to form the ability to think independently, identify and analyze insurance relations, take management decisions;

• to learn the need to learn the objective, nature and role of insurance management in building a socially oriented market economy;

• to examine the concept and structure of the resource potential of insurance companies;

• to learn the basic types of organizational structures of insurance organizations in the domestic market;

• to know the government agencies of insurance company;

• to master the planning features of the insurance organization;

• to examine the nature and value of insurance management information software;

• to form a holistic vision of the management of insurers' marketing activities;

• to learn the basic approaches to managing risk selection in insurance;

• to examine the settlement of insurance claims technology;

• to learn the approaches to cash flow management.

The subject of the science (discipline)is the financial aspects of the creation and effective use of the potential of insurance companies.

The science "Insurance Management" has a close relationship with the sciences "Finance", "Financial Services Market", "Financial Controlling", "Tax Management", "Financial Management" and others.

In practice, the constant interpenetration is carried out between the scientific disciplines, which provides a comprehensive study of all the issues that constitute the "Insurance Management".

The list of knowledge and skills, which will come after a student masters the science (discipline).

As a result of the studying the science (discipline) a student will know:

• characteristics and prospects of business development in insurance;

• the nature, function, role of insurance management in building a socially oriented market economy;

• potential components of the insurer, its formation and ways of the efficient use;

• principles of rational structure of the insurance organization and powers of the authorities;

• principles of the insurance company;

• conditions for the formation and training of personnel insurers;

• procedure for determining the need for specialists, forms and methods of motivating their work;

• methods of studying the demand for insurance services;

• values and methods of elaboration of the insurer's strategic plan;

• the nature and methods of marketing activities in insurance organizations;

• technology of selecting risks for insurance and settlement of insurance claims;

• cash flow management features in insurance;

• organization of managing reserve funds of the insurer;

• conditions and ways to improve the achievement of financial stability of the insurance company;

• effective methods of selecting options for implementing investment projects in insurance companies.

will be able to:

• justify the economic feasibility of the creation (reorganization) of the insurance company;

• define the mission, goals and strategic objectives of the insurer;

• justify the rational structure of the company;

• work out a business plan for the insurer;

• organize the budgeting process in the insurance organization;

• carry out monitoring of doing tasks by divisions and individual performers and offer rational forms of motivation;

• organize studying the demand for insurance services and their sales;

• determine the adequacy of insurance reserves for obligations to policyholders;

• effectively allocate insurance reserves and own funds temporarily idle insurer;

• monitor the financial soundness of the insurance company;

• analyze the financial performance of the insurer and work out measures aimed at its improvement;

• perform checkings of valid conducting financial transactions by insurers.

The scope of the implementation of acquired knowledge and skills in the future profession.

Knowledge and skills acquired studying the science (discipline), can be used by graduates as managers in the insurance and reinsurance organizations, underwriters, actuaries, financial analysts, financial consultants, experts, economists, risk managers, civil servants of specialized agencies and researchers.

Contents of the science (discipline) that is available to students studying in modules and topics.

Topic 1. The essence and role of insurance management.

Topic 2. Resources, structure and control agencies of an insurance organization.

Topic 3. Planning in an insurance organization.

Topic 4. Communication and information services of insurance management.

Topic 5. Management of marketing activities in the insurance business.

Topic 6. Managing risk selection for insurance.

Topic 7. Settlement of insurance claims.

Topic 8. Cash flow management of the insurer.

Topic 9. Managing financial reliability of the insurer.

Topic 10. Financial monitoring in insurance organizations.

Teaching staff: A.L. Baranov, Ph.D., Assoc.Prof.

Basic bibliography:

1. Insurance Management: textbook / [S. Osadets, O.V. Murashko, V.M. Furman and oth.]; by scien. ed. of Dr. of Econ.,  Full professor. S.S. Osadets. - K .: KNEU, 2011. - 333 p.

2. O.O. Gamankova. Finance of insurance organizations: Training. guidances. / O.O.Gamankova. - K .: KNEU, 2007. - 328 p.

3. A.L. Baranov. Finance of insurance companies. Workshop: teach. guidances. / A.L. Baranov, O.V. Baranova. - K .: KNEU, 2012. - 215 p.

4. A.A.Suprun, N.V. Suprun. Insurance Management. Teach. guidances. / A.A. Suprun, N.V. Suprun. - Lviv: Magnolia, 2010. - 300 p.