INTRODUCTION OF INSURANCE MECHANISMS IN MANAGING ACADEMIC RISKS OF STUDENTS IN HIGHER EDUCATION INSTITUTIONS

This article explores the issues of introducing insurance mechanisms to reduce the risk of students repeating a course in higher education institutions. The study analyzes the socio-economic consequences of academic risks and evaluates the effectiveness of insurance based on a statistical regression model. The results show that the insurance mechanism is important in increasing the academic success of students and ensuring the stability of the education system. Below, the concept of insuring students against the risk of "failing a course" (academic failure) in higher education institutions is described from scientific-methodological, practical, and normative perspectives.