RISK MANAGEMENT OF THE INSURANCE PORTFOLIO OF AN INSURANCE COMPANY

Анотація

The article examines approaches to risk management of an insurance company's insurance portfolio in the context of the transformation of the regulatory environment and macroeconomic challenges. The implementation of the three lines of defense model in accordance with the requirements of the National Bank of Ukraine is analyzed, which ensures a clear division of responsibility between operating units, risk management and compliance functions, as well as internal audit. Methods for assessing insurance risks are considered, including the average value method, the percentage method and the individual assessment method, as well as quantitative and qualitative methods for assessing the insurance portfolio. The dynamics of the Ukrainian insurance market for the period 2022-2024 are studied, which is characterized by an increase in gross insurance premiums, an increase in the level of payments and a reduction in the number of insurance companies, which indicates market consolidation and increased requirements for the quality of insurance portfolio management. The need for a comprehensive approach to risk management, which combines underwriting policy, product strategy, strategic portfolio planning and the use of modern technologies to ensure the long-term effectiveness of the insurance company, is substantiated. Prospects for further research in the direction of improving methods for quantitative risk assessment, integration of digital technologies and optimization of reinsurance strategies are identified. Keywords: insurance company, insurance portfolio, underwriting, three lines of defense model, risk assessment, risk management, reinsurance, financial stability of the insurer.

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