Formation and use of income of private joint stock insurance company Dnister
Students Name: Pokorchak Sviatoslav Andriiovych
Qualification Level: master (ESP)
Speciality: Finance, Banking and Insurance
Institute: Institute of Economics and Management
Mode of Study: full
Academic Year: 2021-2022 н.р.
Language of Defence: англійська
Abstract: The modern world is not standing still - the number and importance of human needs is not decreasing. All this requires people to clearly organize the processes of activity that will ensure certain processes that take place in conditions of high intensity and unpredictability of events. No activity is possible without proper planning and financial support, but above all it needs such a resource as a person. Meeting the needs of humanity in the face of relentless globalization and digitalization, which increase the already high probability of unexpected events, lies on the shoulders of the people themselves. The actions and deeds of those who have placed themselves at the center of the world cannot always be accurately predicted or predicted. The only correct prediction that is constantly coming true is an increase in the frequency and scale of crises. In such conditions, when everything depends on everything, the role of insurance companies in the world is growing, and the importance of their readiness for the trials that have prepared time and humanity itself is growing even more important. First of all, financial readiness is important, which means that the insurance company must be meticulous enough to accumulate financial resources, because at some point it must be prepared for overspending, which can be caused by a number of events that do not always have to do with each other. direct or indirect connection. That is why the issues of formation and use of insurance income are especially relevant for insurers. Study object - the joint-stock insurance company Dnister, which has been operating on the national insurance market of Ukraine since 1993. Scope of research - the process of formation and use of income of Dnister Insurance Company, which consists in providing insurance services (except life insurance) and reinsurance. Goal of research - to study the peculiarities of the formation and use of income in the process of its activities JSC "Dniester". Ensuring the achievement of the goal of the study was carried out through the implementation of relevant tasks, namely: • Definition of generalized theoretical approaches in the formation and use of the insurance company’s income; • analysis of the financial condition, process and results of activity of Dnister JSIC; • assessment of the strengths and weaknesses of Dnister JSIC using the SWOT system; • optimization of revenues of Dnister JSIC with the help of economic and mathematical modeling; • forecasting the main performance indicators of Dnister JSIC; • assessment of the impact of the proposed recommendation changes on the financial results of Dnister JSIC. The master’s qualification work on the topic "Formation and use of income of JSC" Dniester "" contains an introduction, three sections, conclusions. The first section highlights the theoretical approaches to the process of generating and using income by insurance companies; the results of the analysis of the financial condition and results of the activities of Dnister JSIC, in particular the quality of the insurance portfolio, are presented. In the second section, a SWOT analysis of Dnister JSIC was performed; optimization of the insurance portfolio of Dnister Insurance Company; forecasting of gross insurance premiums and cost of goods sold; the results of individual research on the study of trends and factors influencing the formation and use of income by insurance companies are presented. The third section theoretically describes the risk management system of ACC "Dniester"; the strategy of Dnister Insurance Company for the insurance portfolio is described, recommendations for improving the management of the insurance portfolio are provided, in particular, recommendations for reducing its risk and increasing profitability are provided; possible economic results of design decisions are estimated. Keywords: insurance company; income; insurance market; insurance portfolio; risk. References: 1. Economic Code of Ukraine of 12.01.2022 № 436-IV // Bulletin of the Verkhovna Rada of Ukraine (VVR), 2003, N 18, N 19-20, N 21-22, p.144). 2. On insurance: Law of Ukraine of November 18, 2021. № 1909-IX [Electronic resource]. - Access mode: https://zakon.rada.gov.ua/laws/show/1909-20#Text. 3. Gorislavets P.A. 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