The detailed review of the historical features of the development of insurance, insurance of modern terminology, as well as the functions, principles and security features; We analyzed the modern types of insurance with an emphasis on the nuances of the contractual relationship, given their different classifications; given the characteristics of financial and economic bases of insurance activities; described by the tariff policy of the insurer with a slight indentation in the actuarial calculations; and also shows the types of formed insurance reserves and characteristics of the investment policy of the insurance organization. Particular attention is given to the practical side: a huge database of abstracts on topics challenges, opportunities to create business process and conduct SWOT-analysis for the insurance company, as well as the decision of cases. The content of the textbook meets the current requirements of the Federal state educational standard of higher education. For bachelors and masters students of the educational program "Economy". The textbook is of interest not only to students, but also those interested in this kind of activity as insurance.