Major “Insurance and Social Security” is created as a response to the dynamic market environment and increased demands for closer linking between higher education and business needs. The main objective of the program is to train specialists and leaders for insurance business, public insurance and private insurance institutions in Bulgaria and the European Union.

The training of students includes general theoretical and applied studies, aimed at mastering modern knowledge of insurance and insurance markets, as well as making appropriate managerial decisions in the management of the respected business. A broad-based training is provided in the field of insurance, reinsurance, public and private social security, auditing and controlling, actuarial estimates and relations with other economic spheres. During the course of studies a practicum is included, which aims to make the smooth transition of students from the university to business.

The duration of bachelor program “Insurance and Social Security” is 4 years (8 semester) full-time and ends with a state exam – a professional aptitude test IEST (Insurance Education Status Test). Graduates receive professional qualification for manager in insurance and social security institutions in state and private sector, as well as administrative staff in offices, organizations and companies, dealing with insurance and social activities.

Where can you work?

Graduates can hold positions in:

• Ministry of Labor and Social Policy;
• Ministry of Health;
• Financial Supervision Commission;
• Court of Auditors;
• Insurance companies;
• Reinsurance companies;
• Private pension insurance companies;
• Insurance brokerage;
• Financial houses and investment firms;
• Specialized offices for internal and external control and audit;
• National Social Security Institute and its territorial divisions;
• National Health Insurance Fund and its regional divisions;
• National Revenue Agency;
• Employment Agency and its divisions;
• Social Assistance Agency;
• State, regional and municipal administrations and departments dealing with social activities;
• Institutions, working on various European programs and projects, co-financed by the European Social Fund;
• Structures of the EU
• Various non-profit organizations and donor funds;
• Risk management departments in companies.

In addition, graduates can find occupation in any national and international company which works in social security and implements social entrepreneurship. This orientation is related to the new opportunities for business development and increased responsibilities of enterprises in the globalized worlds.

Employability upon Graduation:

Graduates can occupy various working position as:

• managers in insurance companies;
• employees in front and back office of insurance companies and pension funds;
• supervisors in internal audit services of private insurers;
• licensed insurance brokers and agents;
• risk managers of enterprises (foreign trade, construction and industrial companies);
• inspectors in the National Insurance Institute, the Employment Agency, the National Health Insurance Fund, the Agency for Social Assistance and other state institutions;
• employees in specialized department and directorates of the Financial Supervision Commission;
• sale specialists of combined financial products in commercial banks and other financial institutions;
• experts in social protections and financing departments of municipal and regional administrations and other.

What are you going to study in Insurance and Social Security Major?

The main core subjects studied are:

• Economics of Insurance Enterprises;
• Marine and Cargo Insurance;
• Insurance Law;
• Introduction to Social Security;
• Public Pension Insurance;
• Private Pension Funds Management;
• Health Insurance Systems;
• Human Resources Management in Insurance;
• Insurance Accounting;
• Investment Management in Insurance;
• Financial and Risk Management;
• Banking;
• Business Communications and Negotiations;
• Business English, and etc.

Who is going to train you?

Leading department for this major is “Finance”. Its qualified academic staff conducts professional training of students. The formations of their practical skills and rich financial culture are permanent priorities.

Head of Department – Prof. Stefan Vachkov, PhD

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