Modelling of Insurance Market Activity

Major: Finance, Banking and Insurance
Code of subject: 7.072.05.E.029
Credits: 6.00
Department: Finance
Lecturer: PhD, associate professor Horyslavets Pavlo
Semester: 2 семестр
Mode of study: денна
Мета вивчення дисципліни: Training of specialists of a high level of qualification in the field of financial management of insurance organizations, which will provide them with competitive advantages in employment both within Ukraine and in other countries, due to the formation of students in-depth knowledge about the management of insurance organizations, in particular in the part of modeling the main financial and economic relations of insurers, in particular the study of the peculiarities of the functioning of non-bank financial and credit institutions on the financial market, the mastery of economic and mathematical methods and models used in the management of insurance and investment activities of insurance organizations.
Завдання: The study of an academic discipline involves the formation and development of students' ability to solve complex specialized tasks and practical problems, including of an innovative nature, during professional activity in the field of finance, banking and insurance or in the process of learning, which involves the application of theories and methods of financial management and is characterized by the complexity and uncertainty of conditions and the formation of such competencies: Ability to search, use and interpret information necessary for solving professional and scientific tasks in the field of finance, banking and insurance. Ability to develop technical tasks for the design of information systems in the field of finance, banking and insurance. Ability to perform scientific research in the field of finance, banking and insurance, taking into account the tasks and existing limitations. The ability to adapt and implement international standards and regulations in the practical activities of corporations in terms of managing assets, capital, investments, financial results, financial risks. The ability to transform the skills and abilities of scientific research into the management of strategic development of the financial market and its participants, improvement of banking state regulation, internal audit and controlling, management of banking risks, design of banking products and services, taking into account the peculiarities of using the European banker's certificate.
Learning outcomes: Search, process, systematize and analyze information necessary for solving professional and scientific tasks in the field of finance, banking and insurance. To solve ethical dilemmas based on the norms of the law, ethical principles and universal human values Apply management skills in finance, banking and insurance. Carry out diagnostics and modeling of financial activities of economic entities. To present the results of one's own research, in particular, by preparing scientific publications and speaking at scientific events. To justify directions for improving the financial and tax policy of the state, financial and non-financial corporations. Choose methods of adaptation and ways of using international standards and regulations in the practical activities of a professional in the field of finance. Choose and apply theoretical and applied methods and models of anti-crisis management in the field of finance, banking and insurance. Apply promising scientific directions of financial operations management in the international movement of capital and make strategic decisions of financial market participants in complex, unpredictable conditions.
Required prior and related subjects: • prerequisites: financial services market, insurance management. • co-requisites: portfolio management
Summary of the subject: The discipline is aimed at studying the peculiarities of the functioning of non-bank financial and credit institutions on the financial market and mastering the economic and mathematical methods and models used in the management of insurance and investment activities of insurance organizations.
Опис: Features of functioning non-bank financial institutions in the financial market. Theoretical and methodological bases of economic processes modeling. Models and methods for automated management of insurance activity. Simulation of optimal strategy of the insurance company in the introduction of new types of insurance. Planning and forecasting models of insurance. Stochastic modeling process of insurance premiums. Models charging for insurance services. Dynamic model of bankruptcy. Modeling reinsurance operations. Modeling optimize investment portfolio of insurance company. The mechanism of insurance companies cost management. The development of integration processes in banks and insurance companies.
Assessment methods and criteria: Current control of the acquirer's work: evaluation of the performance and protection of laboratory work. Examination control: evaluation of the examination (written and oral components). Written component (optional): 1st-level task – written survey, 2nd-level – task on the formation of optimization models in general; 3rd level task – research of cause and effect relationships.
Критерії оцінювання результатів навчання: 1. Поточний контроль роботи здобувача (45 балів): оцінювання виконання і захисту лабораторних робіт. 1. Виконання та захист лабораторних робіт – 4 роботи, максимальні бали відповідно 12, 7, 13, 13 балів, у т.ч. 2 бали за захист кожної роботи, разом 45 балів. 2. Екзаменаційний контроль: оцінювання складання екзамену (письмової та усної компонент). Письмова компонента (за ваіантом) (40 балів): завдання 1-го рівня – письмове опитування, 2-го рівня – завдання щодо формування моделей оптимізації у загальному вигляді; завдання 3-го рівня – дослідження причинно-наслідкових зв’язків. Під час усного спілкування з викладачем здобувач може отримати від 0 до 15 балів за відповідь на запитання екзаменатора за усіма питаннями, винесеними на семестровий контроль та виконаними завданнями. При дистанційній роботі (у тому числі за умов карантину) передбачається захист здобувачами лабораторних робіт під час проведення відеоконференцій. Індивідуальні звіти з лабораторних робіт та письмові роботи пересилаються до ВНС. Усна компонента екзамену проводиться на платформі MS Teams із повним відеозаписом.
Порядок та критерії виставляння балів та оцінок: 100–88 points – (“excellent”) is awarded for a high level of knowledge (some inaccuracies are allowed) of the educational material of the component contained in the main and additional recommended literary sources, the ability to analyze the phenomena being studied in their interrelationship and development, clearly, succinctly, logically, consistently answer the questions, the ability to apply theoretical provisions when solving practical problems; 87–71 points – (“good”) is awarded for a generally correct understanding of the educational material of the component, including calculations, reasoned answers to the questions posed, which, however, contain certain (insignificant) shortcomings, for the ability to apply theoretical provisions when solving practical tasks; 70 – 50 points – (“satisfactory”) awarded for weak knowledge of the component’s educational material, inaccurate or poorly reasoned answers, with a violation of the sequence of presentation, for weak application of theoretical provisions when solving practical problems; 49-26 points - ("not certified" with the possibility of retaking the semester control) is awarded for ignorance of a significant part of the educational material of the component, significant errors in answering questions, inability to apply theoretical provisions when solving practical problems; 25-00 points - ("unsatisfactory" with mandatory re-study) is awarded for ignorance of a significant part of the educational material of the component, significant errors in answering questions, inability to navigate when solving practical problems, ignorance of the main fundamental provisions.
Recommended books: 1. Klapkiv Yu.M. Rynok strakhovykh posluh: kontseptualni zasady, tekhnichni innovatsii ta perspektyvy rozvytku: monohrafiia. Ternopil: TNEU, 2020. 568 s. 2. Konkurentospromozhnist strakhovoho rynku Ukrainy v umovakh aktyvizatsii hlobalizatsiinykh protsesiv: kolektyvna monohrafiia [tekst] / za materialamy prats naukovoi hrupy i naukovoiu redaktsiieiu d-ra ekon. nauk, prof. L. V. Shirinian. – K.: Vydavnytstvo Lira-K, 2020. – 404 s. 3. Vnukova N. M. Prudentsiinyi nahliad u sferi strakhuvannia : monohrafiia / N. M. Vnukova, O. V. Korvat, N. S. Opeshko. – Kh. : KhNEU im. S. Kuznetsia, 2016. – 260 s. (Ukr. mov.) 4. Sokyrynska I. H. Zhuravlova T.O., Abernikhina I.H. Strakhovyi menedzhment. Navchalnyi posibnyk./.I.H.Sokyrynska, T.O.Zhuravlova, I.H.Abernikhina –Dnipropetrovsk: Porohy, 2016. - s. 5. Strakhovyi menedzhment: pidruchnyk / [Osadets S.S., Murashko O.V., Furman V.M., Baranov A.L., Baranova O.V., Zalietov O.M., Nechyporenko V.I. ]; za red. d-ra ekonom. nauk, prof. S.S. Osadtsia. - K.: KNEU, 2011. – 333. 6. Suprun A.A., Suprun N.V. Strakhovyi menedzhment. Navch. posib. / A.A. Suprun, N.V. Suprun. – Lviv: Mahnoliia, 2010. – 300 c. 7. Kozmenko, O. V. Reitynhuvannia strakhovykh kompanii i rozrakhunok strakhovykh taryfiv na bazi vykorystannia ekonomiko-matematychnykh metodiv [Tekst]: monohrafiia / O. V. Kozmenko. – Sumy: DVNZ “UABS NBU”, 2008. – 95 s. 8. Stratehichne upravlinnia strakhovoiu kompaniieiu : [kol. monohr.] /V. M. Furman, O. F. Filoniuk, M. P. Nikolenko ta in. ; nauk red ta ker. kol. avt. d-r ekon. nauk V. M. Furman. – K. : KNEU, 2008. – 440 s.
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Академічна доброчесність: The policy regarding the academic integrity of the participants of the educational process is formed on the basis of compliance with the principles of academic integrity, taking into account the norms “Regulations on Academic Integrity at Lviv Polytechnic National University” (approved by the academic council of the University on June 20, 2017, protocol No. 35).