Oleksandr Prykhodko; Oleksandr Lepyokhin

doi:10.36074/grail-of-science.02.10.2026.009

CONCEPT OF ORGANIZING THE FINANCIAL SECURITY MANAGEMENT MECHANISM FOR INSURANCE COMPANIES

Authors

Oleksandr Prykhodko Zaporizhzhia national university, Ukraine
Oleksandr Lepyokhin Zaporizhzhia national university, Ukraine

DOI:

https://doi.org/10.36074/grail-of-science.02.10.2026.009

Keywords:

security, economic security, mechanism for ensuring economic security, management of economic security

Summary

The article is devoted to the study of the problems of the formation of the concept of organizational and economic mechanism for ensuring the economic security of the insurance company in modern conditions for the development of the domestic economy. In particular, scientific approaches to the definition of the concept of "mechanism for ensuring economic security" are analyzed, as well as the interpretation of the category "organizational and economic mechanism for ensuring the economic security of the insurance company" is summarized. The study of the organizational and economic mechanism for ensuring the economic security of the insurance company from the point of view of an integrated approach makes it possible to present it as a holistic system, which is formed from a set of interrelated elements. The concept of insurance company security is a holistic and systematic understanding, vision and representation of ways to eliminate hazards that really threaten or may threaten the insurance company from the inside and outside, as well as ways to minimize possible harmful consequences. The sequence of stages of formation of the concept of management of financial security of insurance company has been formulated: analysis of risks and threats to financial security of insurance company; development of methodological tools for assessing the state of economic security of insurance company; development of a strategy for managing the financial security of the insurance company; development of a mechanism for managing the financial security of the insurance company; assessment of the effectiveness of the implementation of the concept of managing the financial security of the insurance company; adjustment of tactics and strategy of financial security management in accordance with changing conditions. It is shown that the mechanism of economic security of insurance company functioning is a set of: philosophy of economic security of insurance company; functions that implement the process of managing economic security; resource support for the mechanism; target orientation, containing the main organizational forms and economic tools necessary to ensure the economic security of the functioning of the insurance company. The general algorithm of the process of organizing financial security has been induced.

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References

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