نبذة مختصرة : A very urgent problem for banking institutions is the search for methods to minimize credit risks that would be relatively universal, flexible and could be applied to various credit operations. Current practice of minimizing the negative impact of credit risks mainly comes down to the creation of special reserves and setting limits for certain categories of borrowers, which does not always allow achieving the desired result. The paper considers the possibility of using insurance to ensure the safety of bank lending as an alternative tool to minimize bank credit risks. With this approach, credit risk insurance is considered as a complex of services of an insurance company to protect the property interests of the lender with respect to the existing risk of default or partial repayment of the loan due to the insolvency of the borrower. Credit risk insurance includes loan non-repayment insurance, borrower liability insurance for non-repayment of loan and insurance of collateral. The advantages of using credit risk insurance for a bank are the ability to use this tool for any categories of borrowers, taking into account the peculiarities of the loan agreement, the solvency of the borrower, the conditions for repaying the loan, as well as the relatively small insurance costs. Under the condition of insurance of credit risks, banks no longer need to form additional reserves for certain loan agreements and immobilize part of the financial resources, which helps to ensure the stability of the current work on customer service for both active and passive operations of the bank. Besides, while insuring credit risks, the insurance company acts as an additional guarantor of the stability of the bank, its ability to pay with its creditors in time.
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